SINGAPORE -- The Ministry of Trade and Industry (MTI) and Monetary Authority of Singapore (MAS) announced on Thursday that the MAS core inflation rose to 1.6 percent year-on-year in November, from 1.5 percent in October.

This primarily reflected an increase in services inflation, said MTI and MAS. (Singapore-Trade-Inflation)

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HANOI -- Vietnam exported over 49 million medical masks in November, surging 31.9 percent against October, according to the General Department of Vietnam Customs on Thursday.

Medical mask export has been surging for four consecutive months after tumbling between May and July when Vietnam was hit hard by the fourth wave of COVID-19 infection, the department said in its latest report. (Vietnam-Export-Mask)

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BEIJING -- A State Council executive meeting chaired by Premier Li Keqiang has specified measures for cross-cycle adjustment to ensure steady development of foreign trade.

The meeting also called for efforts to implement the Regional Comprehensive Economic Partnership agreement, which will take effect on Jan. 1, 2022. (China-Foreign trade-RCEP)

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TOKYO -- Japan on Thursday upgraded its growth forecast for its economy in fiscal 2022 to a real 3.2 percent from the previously estimated 2.2 percent, expecting the pace of economic recovery from the COVID-19 pandemic to speed up after a weaker-than-anticipated increase in the current year.

As repeated resurgences of COVID-19 infections in the country prolonged economic fallout from the pandemic, the government reduced the gross domestic product (GDP) growth rate projection for the current fiscal year (April 1, 2021-March 31, 2022) from 3.7 percent to 2.6 percent. (Japan-Growth-2022)

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LILONGWE -- Malawian President Lazarus Chakwera on Tuesday announced a comprehensive plan that will cover the period between 2021 and 2023 to help the country's economy recover from the impact of the COVID-19 pandemic.

The COVID-19 Socio-Economic Recovery Plan (SERP) will "stimulate strategic parts of the economy with various interventions" and help the country stay the course with the Malawi 2063 First 10-year Implementation Plan, the Malawian leader said in a national address. (Malawi-Economy-Plan)

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ROME -- Italy has achieved the targets required to receive the funds provided by the European Union (EU) post-COVID recovery program, and the government is still ready to support the national economy in case of a new slowdown, Prime Minister Mario Draghi said on Wednesday.

Speaking at a traditional year-end press conference, he specified that "all of the 51 targets" needed for the country to qualify for the next installment of European funds have been met. (Italy-EU-Fund) Enditem

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