Singapore and Indonesia will renew a US$10 billion (S$13.8 billion) currency pact, which will help support monetary and financial stability in the region. Both countries will continue to have access to each other’s currency as well as United States dollars to settle trades or defend their currency in times of financial stress. This was announced […]
Read MoreThe IMF forecasts Thailand’s GDP growth to slow to 2.9% this year before improving marginally to 3% in 2020, while the Economic Intelligence Center (EIC) under Siam Commercial Bank (SCB) sees growth of 2.8% for this year and next. The IMF’s view is in response to external and domestic headwinds, the global lender said in […]
Read MoreThe National Assembly yesterday approved a draft of the much-awaited E-commerce Law, a piece of regulation expected to play a critical role in helping the Cambodian economy adapt to the digital era. Presenting the bill at a plenary session yesterday, Commerce Minister Pan Sorasak said the E-commerce Law will be of critical importance in promoting […]
Read MoreMANILA, Philippines — The Philippines slipped eight places to rank 64th out of 141 countries in the latest Global Competitiveness Report of the World Economic Forum (WEF) from 56th place last year amid lower rankings in the information and communication technology (ICT) adoption and macroeconomic stability pillars. The WEF report released by local partner institute […]
Read MoreBrunei Darussalam shared concerns over the rise of obesity, particularly among children, despite increased awareness of healthy eating among the population and health awareness programmes on a healthy diet at the ongoing 70th Session of the World Health Organization (WHO) Regional Committee for the Western Pacific in Manila, Philippines. Brunei Darussalam called for concerted action to […]
Read MorePETALING JAYA: The logistics and automotive sectors are among those that will feel the impact of the targeted fuel subsidy scheme, when it kicks off in January next year. Higher costs for the logistics sector lead to higher transport costs for businesses, regardless of the sectors they operate in, and ultimately higher prices for products […]
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Thailand
