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Brunei: Trade balance stands at BND425.5 million in May 2017

TOTAL Trade increased by 23.3 per cent year-on-year to BND1,112.9 million; consisting of exports (BND769.2 million) and imports (BND343.7 million), compared to BND902.6 million in May 2016. Trade balance increased by 55.2 per cent year-on-year to BND425.5 million from BND274.2 million in May 2016. Exports for May 2017 increased by 30.7 per cent year-on-year from […]

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Singapore Q2 GDP to be released on Aug 11, 8am

DETAILED data on Singapore’s gross domestic product (GDP) for the second quarter will be released at 8am on Aug 11, said the Ministry of Trade and Industry. It will include information and data on the overall GDP performance of the economy, sectoral performance, sources of growth, inflation, employment and productivity in the second quarter of […]

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More Vietnamese use mobile devices for travel purchases

HCM CITY — While only 7 per cent of online travel sales in Vietnam were made on mobile devices last year, the number grew rapidly at a 58.1 per cent compound annual growth rate (CAGR) in the 2013-16 period, presenting a major growth opportunity, according to a Euromonitor International study. Euromonitor, a provider of strategic market research, surveyed a sample of […]

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Thai economy seen growing 3.5-3.6% this year: Finance Ministry

BANGKOK] Thailand’s economy is expected to grow 3.5-3.6 per cent this year, driven by investment in infrastructure projects, the finance minister said on Friday. Government projects will also help attract private investment, Apisak Tantivorawong said at a business event. Growth in Southeast Asia’s second-largest economy, which clocked at 3.2 per cent in 2016, still lags […]

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A positive perspective on Myanmar’s hotel glut

Last September, amid an alarming rise in the number of unoccupied hotel rooms in cities like Yangon and Mandalay, the Ministry of Hotels and Tourism (MOHT) announced tighter controls on the development of new hotels in congested areas. Occupancy rates in Myanmar last year were under 40 per cent during the rainy season, according to Bloomberg, quoting figures from the […]

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