India’s services growth at six-month high on strong demand: PMI

India’s services industry saw activity increase at its fastest pace in six months during the last month of 2022, a private sector survey shows, boosting business optimism despite higher costs. The S&P Global India Services Purchasing Managers’ Index (PMI) (INPMIS=ECI) rose to 58.5 in December from 56.4 in the previous month, upsetting expectations of a […]

Singapore’s economy to grow 3.8% in 2022, beating official forecasts

Singapore’s economy is set to grow 3.8% in 2022, preliminary data showed on Tuesday, outpacing government expectations but slower than last year. The government’s official forecast for growth in 2022 was 3.5%, down from 7.6% in 2021. The gross domestic product (GDP) grew by 2.2% in October-December on a year-on-year basis, the Ministry of Trade […]

Uber says key data showing steady growth in Bangladesh

Ridesharing company Uber has said that key data has shown steady growth in Bangladesh. The company released its annual analysis on Monday, which highlighted the completion of 150 million kilometers of trips during 2022, marking Uber’s expansion across all eight divisions. In 2022, Uber’s services will expand to 20 cities in the division. Dhaka was […]