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Vietnam tops major ASEAN economies in 2018: HSBC

The Hanoitimes – But the potential negative impact of trade tensions on global growth would be more detrimental for Vietnam. Vietnam is keeping its stride, topping the major ASEAN economies with expected GDP growth rate of 6.7% in 2018. But external headwinds pose downside risks for the coming quarters, HSBC stated in its latest report. The […]

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Philippines: Remittances up 8% to $2.76 billion in October

MANILA, Philippines — Personal and cash remittances booked their fastest growth in six months, rising by at least eight percent in October as overseas Filipinos continued to send more money to their loved ones in the Philippines ahead of the Christmas holidays, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. BSP Governor Nestor Espenilla Jr. said personal […]

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Indonesia: Liquor producers question excise tax hike

Even as liquor producers are still struggling to recover from the impact of the market limitation that has been enforced since 2015, they question the government policy to increase the excise tax for the products, which they fear would further burden the industry.  The Indonesian Malt Beverage Industry Association (GIMMI) reported that the sales of […]

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