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BANGKOK: Thailand's central bank said its monetary policy committee decided against cutting interest rates last month because economic growth was close to potential and monetary conditions were already accommodative, with credit growth robust.
KUALA LUMPUR: The central bank foresees an upside potential to its gross domestic growth (GDP) forecast of 4.5% to 5.5% for the country this year boosted by new initiatives and further improvements in the global economy.
The 12% hike in electricity tariff is not expected to impact Malaysia's gross domestic growth (GDP) or significantly burden the majority of people in the country.
KUALA LUMPUR: The Government aims to achieve an average annual gross domestic product growth (GDP) of 5.5% in the 10th Malaysia Plan (10MP) with a total estimated development expenditure of RM230bil as it pursues the goal of a high-income economy.
TOKYO: Japan's economic growth unexpectedly accelerated in January- March, driven by net contributions from exports and defying forecasts for a contraction in the world's third-largest economy.
PETALING JAYA: Despite inflationary pressure building up, the overnight policy rate (OPR) is expected to be maintained at 3.25% next year if gross domestic product (GDP) growth does not slide below 4%, according to economists.