Brunei – Economic Outlook 2022

         According to the detailed research of our analytic team, the anticipated recovery of the Brunei economy in 2021 has been derailed by the materialization of key downside risks—pandemic resurgence, unanticipated domestic oil and gas production disruptions, and delays in the commencement of FDI projects.           Domestic economic activity has been severely impacted by the re-imposition of containment measures. The Brunei economy shrank by 2.2 percent year on year in the third quarter of 2021, the fourth consecutive quarterly decline. Upstream and downstream oil and gas production have been weaker than expected, while some service activities have been hampered by mobility restrictions. Retail sales declined sharply in Q3 2021, reflecting limited consumer spending due to stay-at-home orders and voluntary social distancing to avoid contracting the virus. The contractions across almost all retail activities highlight the severity of the second COVID-19 wave, contrasting the resilience during the first wave in 2020.           The recovery in the hotel sub-sector has been halted by the second COVID-19 wave. Hotel occupancy rates had

BREAKING NEWS: The 0.75% interest rate was rapidly raised by The Federal Reserve (FED) aimed to assist with slower inflation.

          At the current FOMC meeting, The Federal Reserve on Wednesday (15/06/2022) raised interest rates by 0.75% which is the largest move it has made since 1994, it was a decision in order to increase the interest rate by 0.75%. In the former time, On May 4, policymakers have been discussed raising short-term interest rates by 0.50% to a target range due to CPI wost than forecasted between 0.75% and 1.00% in a bid to lower inflation.           But a hot inflation report on Friday (10/06/2022), showing the fastest shifting of price increases since 1981, showed little sign of relieving price pressures in the month of May. Combined with other economic data showing the worst reading of consumer confidence since the 1970s, the pessimistic outlook pushed the Fed to entertain the idea of abandoning its prior plan. From the US central bank forecasting, the US also decreased its economic projections for 2022, stoking recessionary fears which is The Fed’s median GDP forecast for 2022 is now 1.7%, down significantly from 2.8% in

The causes of Laos Inflation in 2022

          Nowadays, many situations are being fluctuated in each microeconomics around the world. Not only the increased cost of living but also the other causes that Laos has faced in this severe situation which lead to an economic crisis. It was begun with Laos’ public debt, fuel shortage, and depreciation of the Kip currency has down 36% against the dollar over the last year, 2021, together with inflation. Our analyst team mentioned the Laos inflation statistic compared in the same period in April to March from 5 years (2017), to last year (2021), and this year (2022)           Firstly, The inflation rate, In 2017, 5 years ago, The Bank of the Lao P.D.R reported an inflation rate of 1.52% in April, and the inflation rate decreased to 1.07% in May with the 6.83% of 2017 GDP, According to the report from CEIC Data. In the same period month last year in April 2021, the inflation rate was 3.23% and in May 2021 the inflation rate was 3.55%, this is the highest point

Vietnam’s Year in Review and Outlook for 2022

Vietnam suffered a challenging 2021, as it was hit hard by the pandemic, resulting in stringent lockdowns and affecting economic growth. Sustained pressure from COVID-19 outbreaks and supply chain disruption are likely to continue to have an impact into 2022. Nevertheless, with Vietnam slowly reopening, foreign investors maintain an optimistic outlook, with GDP projected at 6.5 percent in 2022. Vietnam Briefing examines some significant events that occurred this year and how they are likely to shape Vietnam’s business environment in 2022.     Vietnam’s 2021 was by far one of the most challenging years to date. While Vietnam was lauded globally for controlling the pandemic in 2020, the Delta variant proved overwhelming, resulting in strict lockdowns, interrupted production, and disrupted supply chains.     While most western countries suffered an excruciating 2020, Vietnam’s 2021 was harsh, with the pandemic hitting Vietnam’s GDP hard. In Q3 2021, Vietnam recorded its first-ever negative GDP, since 2000 significantly affecting businesses and its people significantly. Nevertheless, Vietnam still expects a positive GDP and as the government switches to a ‘living with the pandemic’ strategy,

10 Mega Trends 2022

          After passing through a pandemic, technology and sustainability tend to be replaced. People got used to working and studying while working from home, which is why technology has played an important role in the 2000s. People are living different lives than before. Many scientists and doctors mentioned that in 2022, the pandemic was forecasted to be an endemic disease. Here are the 10 mega trends for 2022. 1. Green innovation and nature-based solutions: Technology investment in green innovation and clean energy be able to adapt in the supply chain, such as increasing alternative energy portions in order to reduce emissions of greenhouse gasses, changing operation strategies in both manufacturing and service sectors, including whatever caused negative impacts in the supply chain, and increasing environmental awareness. 2. Hybrid Working: Owing to the over 2 year isolation of people, 91% of employees require “hybrid working”, which before was only 9%. Hybrid working procedures are being converted into the new normal in society. The Cisco Global Workforce Survey found that businesses have been facing the challenges of a

The situation of INFLATION crisis in LAOS

    The Lao Statistics Bureau reported in January the inflation rose to 6.25%, in February rose to 7.3%, and in March high up to 8.5%. From the latest information, inflation has already increased to 9.9% in April, with no signal to decrease.     Laos is the country in Southeast Asia that has the highest rate of inflation, which have the primary cause of inflation as the fuels in Laos have faced a shortage of fuel due to a shortage of foreign currency to import fuel, including the war between Russia and Ukraine which increases in global oil prices, it is leading to increases fuel rates rose to 86% in Laos. From the latest news reports, some oil stations are unavailable due to a shortage of fuel from 4 May 2022  to 10 May 2022.     The Government of Laos has had consultative meetings in recent weeks as well as invited representatives from the private sector to find solutions for the economy of Laos. From the consultative meetings, the government will support fuel retailers by not relying on

US stocks tumble on Powell remarks, airlines rally, USD firms

          Asia markets are set to open lower following a negative close in the US markets overnight. Wall Street gave up early gains and closed at session lows after US Federal Reserve Chair Jerome Powell signaled a 0.5% rate hike on the table in early May. US bond yields jumped on Powell’s comments as bond traders priced in further aggressive tightening moves by the Fed.           SPI futures slid 0.86%, pointing to a lower open in the ASX. The benchmark index is hovering around an 8-month high, with mining stocks under pressure, while big banks are holding strongly amid rising rates. BHP Group (BHP) shares dipped 3% after the company stated that iron ore and nickel volumes dropped amid multiple issues caused by the pandemic. Notably, Qantas Airways soared to a 5-month high, supported by global optimism toward reopening borders and the US airlines’ positive outlook for open travel.           The NZX 50 fell 0.3% at the open and may be subject to headwinds in today’s session after

Best 19 Small Business Ideas in Malaysia for 2022

In this article you will find the best advice from our professional and experienced analytic team regarding the fact that you want to start a business in Malaysia. In this post, we have put together a list of the most profitable small business ideas in Malaysia to inspire you to start your own business venture. Malaysia is a southeast Asian country. The country has a highly open, upper-middle-income economy. The country’s economy is shifting into higher value-added activities in both industry and services. In addition, the country is a leading exporter of electrical appliances, electronic parts and components, palm oil, and natural gas. Manufacturing has a large influence on the country’s economy, accounting for over 40% of the GDP. The 2016 edition of the World Bank’s “Ease of Doing Business” report ranks Malaysia at 18 in the world and the second in Southeast Asia—behind Singapore. In addition, the government is moving towards a more business-friendly environment by setting up a special task force to facilitate business called PEMUDAH. The objective of the scheme is to simplify the business environment in

2022 Economy analytics of Myanmar

With 2020–2021 so severely disrupted, our team of highly professional and experienced analysts at Thunder X Pay started looking ahead to 2022 and what changes could be on the horizon that could positively impact doing business in Myanmar (Burma). Context While Myanmar responded early and decisively to the COVID-19 pandemic thereby limiting adverse health impacts, evidence from the Myanmar COVID-19 Monitoring Platform shows that impacts on households’ welfare were significant. Border movement restrictions starting in February and a complete lockdown between March and April forced non-essential businesses to cease operations and prevented people from traveling to work. Meanwhile, about 100,000 economic migrants returned from Thailand alone. As a result, in May 2020, about 54 percent of households’ main workers reported not working and about 16 percent of firms had temporarily closed. The easing of restrictions between May and August contributed to a partial rebound of the economy, which is still suffering from the impact of reduced global demand, border trade disruptions, and potential changes in consumer behaviors. Strict stay-at-home orders were introduced in Rakhine State in mid-August, followed by similar orders

Gold price forecast for 2022 and the following situations

The gold market has increased in order to reach its highest level since 2020 on March 8th as investors seek secured assets in response to Russia’s conquering of Ukraine. At the end of 2021, the gold price reached $1,828.60 an ounce and declined by 2.9% for the year, while investors tended to avoid metals in anticipation of higher interest rates. “The war in Ukraine has significant and obvious implications for commodity prices, which could lead to a more persistent inflationary shock. For the time being, direct implications of the conflict as a growth shock are more limited in the US, given that direct trade flows are marginal. But indirect implications are more relevant, as ongoing disruptions to supply chains are likely to have a spillover impact, while inflation is also likely to act as a tax on consumers. In turn, the market continues to price-out a 50bp Fed hike for March, but the implications for the subsequent rate path are less clear.” Our highly professional team persisted that the simple moving average (SMA), together with the exponential moving average (EMA),