Bank of Thailand governor Veerathai Santiprabhob has signalled an imminent hike in the policy interest rate, arguing that higher interest rates won’t be an impediment to economic growth and that the need for an ultra-loose monetary policy is less important. Any monetary policy tightening will be data-dependent, he said, and a degree of monetary policy easing […]
Read MoreSINGAPORE aims to become a hub for future services in the region within the next three to five years under what the city state is promoting as its Services 4.0 scheme. S. Iswaran, the Minister for Communications and Information, said at SG:Digital Industry Day in Singapore that the country plans to provide Services 4.0 as […]
Read MoreThe Hanoitimes – The Industry 4.0 would open up more opportunities for Vietnam to develop industry and trade. The comparative advantage of Vietnam’s current economic growth model, which relies on natural resources and labor-intensive production, is gradually diminishing in face of the Fourth Industrial Revolution, also known as Industry 4.0, according to Tran Hong Quang, director […]
Read MoreMANILA, Philippines — The Philippines is aiming for a 20 percent increase in bilateral trade with the European Free Trade Association (EFTA) by next year, and to at least double the trade volume in three years, following the implementation of the parties’ free trade agreement (FTA). “Our objective is for this (Philippines-EFTA FTA) to really […]
Read MoreMyanmar’s private sector needs to identify the impact of their businesses on biodiversity and ecosystems early on to avoid cost and conflict, a recent report states. Yangon-based Myanmar Centre for Responsible Business (MCRB) recently published a briefing paper on biodiversity, human rights and business, advising stakeholders on how some types of investment can negatively affect […]
Read MoreSINGAPORE: Singapore’s economy expanded at a much slower pace than initially thought in the third quarter, with the government flagging further moderation in the current quarter and warning that the US-Sino trade war will hurt growth in 2019. The weakening outlook for the prosperous city-state – a bellwether for global growth because international trade dwarfs its domestic economy – underlines a shakeout in financial […]
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Thailand
