Asia – NATURALDEPOSIT

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Global Economic Data Unveiled: Insights from Asia, Europe, and the US

Throughout the week, a cascade of economic data surfaced across key regions, providing critical insights into the state of various sectors and markets. Asia’s Economic Snapshot In China, Monday’s announcement will unveil the Loan Prime Rate (LPR), shedding light on the country’s monetary policy direction. South Korea is set to release its Producer Price Index …

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Thailand Ranks 5th in Asia: Anticipated 3.4% Salary Increase for 2024

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ECA International, a renowned global provider of data, software, and workforce management expertise, unveiled its Salary Trends Report for the Asia Pacific region on Wednesday, November 8. The report predicts that employee salaries in the Asia Pacific region will experience the most significant growth in 2024. Within this context, Thailand has secured the 5th position …

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Philippine GDP Surpasses Expectations, Set to Lead Southeast Asia in Growth

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The Philippine economy demonstrated remarkable resilience in the third quarter of 2023, surpassing expectations and positioning itself as a frontrunner for economic growth in Southeast Asia this year. According to the Philippine National Statistics Office, the country’s gross domestic product (GDP) expanded by an impressive 5.9% year-on-year during the third quarter of 2023. This growth …

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Asia’s Crude Oil Imports Decline in September Due to Refinery Maintenance and Rising Prices

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In a recent development, Asia’s crude oil imports witnessed a decline for the second consecutive month in September. This dip in demand can be attributed to ongoing refinery maintenance, exacerbated by the impact of surging oil prices. Data from the London Stock Exchange Group (LSEG) reveals that the Asian region’s crude oil imports in September …

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Asian Development Bank (ADB) Highlights Ongoing Tourism Recovery in Asia Post-COVID

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The Chief Economist of the Asian Development Bank (ADB) recently took to Twitter to share encouraging news regarding the recovery of tourism in developing Asian countries. This assessment is based on the latest economic outlook report for September, offering a ray of hope for the region’s economies that have been grappling with the impacts of …

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ADB Ups Thai Economic Forecast to 3.5% for 2023 Amid Asia’s Mixed Prospects

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The Asian Development Bank (ADB) has revised its economic growth projection for Thailand, forecasting a 3.5% expansion this year, a notable uptick from its earlier prediction of 3.3% made in April. Despite this more optimistic outlook for Thailand, the ADB’s overall economic forecast for Asia has seen adjustments, with the region’s GDP growth projected at …

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Research Reveals 4 in 5 Workers in Asia at Risk of Mental Health Challenges

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A recent study, based on findings from insurance companies Aon and TELUS Health, has shed light on the prevalence of mental health challenges among workers in Asia. The report underscores the significant concerns faced by employees in the region, with a striking 82%, or 4 in 5 workers, deemed to be at moderate or high …

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HSBC Issues Warning: Rising Rice Prices Could Trigger Food Price Crisis Resembling 2008 in Asia

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A team of economists at HSBC Holdings has raised a red flag, cautioning that the sharp increase in food prices could intensify the challenges faced by numerous central banks in their battle to curb inflation. The primary concern stems from the substantial surge in rice prices, particularly significant as rice is a staple food in …

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ADB Raises Concerns Over Inflation Crisis and Soaring Cost of Living, Exacerbating Severe Poverty Across Asia

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The Asian Development Bank (ADB) has issued a stark warning through its latest report unveiled on August 24, highlighting the escalating crisis stemming from the surge in the cost of living, predominantly fueled by inflation over the past year. Coupled with the persisting repercussions of the COVID-19 pandemic, this phenomenon is thrusting an alarming number …

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Food Inflation Concerns Amplify as Rising Rice Prices Impact Asia

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The escalating prices of rice have ignited concerns of food inflation in Asia, echoing throughout the region as a crucial agricultural commodity faces a surge in costs. The United Nations (UN) food agency recently reported that rice prices have surged to their highest levels in nearly 12 years. A combination of factors, including India’s rice …

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