The government aims to increase trade with Vietnam to US$10 billion annually from $6.8 billion, last year, with President Joko “Jokowi” Widodo on a visit to the country. Jokowi arrived in Hanoi on Tuesday after concluding his visit to South Korea. “In the last three years, our trade with Vietnam had seen an increase to […]
Read MorePETALING JAYA: Allowing a larger fiscal deficit and running the risk of a sovereign credit rating downgrade in 2019 could cause balance of payments stress, given Malaysia’s high short-term external debts and low foreign exchange (forex) reserves, said Nomura. Following the reversal of fiscal reforms like goods and services tax (GST) and the removal of […]
Read MoreMANILA, Philippines — Deutsche Bank said inflation likely peaked in August, but the Bangko Sentral ng Pilipinas (BSP) is still expected to deliver more rate hikes until next year. In its latest Asia Macro Insight titled “Rough road ahead,” Deutsche Bank said the central bank may turn more hawkish to rein in rising inflationary expectations. […]
Read MoreVietnam News/ANN: Vietnamese garment and textile enterprises are losing their competitiveness due to high costs of logistics services for exports, experts have said. According to statistics from the Viet Nam Textile and Apparel Association (Vitas), textile and garment export value last year reached US$31 billion, an increase of 19.2 per cent compared to 2016. Of the $31 billion […]
Read MoreOver-the-top (OTT) services contribute as much as 36 billion baht and 30,000 jobs to Thailand’s economy, a new report says. The report was conducted by Thammasat University’s Consulting Networking and Coaching Center (CONC Thammasat) and the Asia Internet Coalition (AIC), an industry association for internet policy in Asia. OTT services are described as any application or […]
Read MoreTHE lacklustre rental market for both private and HDB properties dragged on for another month, going by data from real estate portal SRX on Wednesday. Rents for condominiums and private apartments in August dipped by 0.1 per cent from July, after being unchanged since May. This brings private rents back to year-ago levels, that is August 2017. Private property rents are also […]
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Thailand
