PETALING JAYA: Fitch Solutions Macro Research has cut its growth forecast for Malaysia for 2018 and 2019, following a weaker-than-expected performance in the third quarter of the year. The unit of rating agency Fitch Group now expects Malaysia’s gross domestic product (GDP) in 2018 to grow at 4.6%, compared with its previous forecast of 5.1%. […]
Read MoreThe Council of Ministers on Monday approved the draft national policy on ecotourism. It will be sent to the national assembly this week before it is turned into law, said Council of Ministers spokesman Phay Siphan. Siphan said while Cambodia’s ecotourism sector is showing higher potential to attract tourists, the policy would help to protect […]
Read MoreTHE EXPLOSIVE growth of tourism industry has been a boon for the Thai economy. Representing about one-fifth of the economy, exports of services have been growing at the compound annual rate of 10.6 per cent since 2012, three times the GDP growth rate in the same period. As a result, tourism has contributed more than […]
Read MoreGLOBAL trade woes may send some business Singapore’s way, but uncertainty is still weighing down companies’ near-term outlook. This is the take-away from the latest Business Times-Singapore University of Social Sciences (BT-SUSS) Business Climate Survey, which polled 157 firms from Sept 18 to Oct 17. Companies reported weaker business performance in the third quarter, and […]
Read MoreThe Hanoitimes – It would be challenging to fulfill the government’s plan of selling SOEs in 2018, in which at least 85 state firms must complete the transference to private hands by the end of this year. Hanoi and Ho Chi Minh City have plans to sell 14 and 39 state-owned enterprises (SOEs) in 2018, respectively, […]
Read MoreAs the digital revolution continues its march, traditional banks are facing challenges from uncharted sectors. If you’re familiar with PayPal, or even local remittance facilities like Palawan Express Pera Padala, you’ll realize why many Filipinos are less keen on having a bank account. According to the Bangko Sentral ng Pilipinas’ Financial Inclusion Survey made public […]
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