SINGAPORE factory output plunged by 8 per cent year on year in August, extending the Republic’s manufacturing decline into its fourth month. Industrial production was dragged down by the struggling electronics sector, according to statistics released by the Economic Development Board on Thursday. Excluding output from the volatile biomedical manufacturing sector, manufacturing fell by 12.4 […]
Read MoreThe Asian Development Bank (ADB) has released its report on economic outlook of the region, including Myanmar, for this year. The Asian Development Outlook 2019 Update report, released on Wednesday in Manila, provides analysis of macroeconomic issues in developing Asia, including new growth forecasts by country and region for 2019 and for 2020. In the […]
Read MoreLao economic growth will remain moderate in 2019 and 2020, as expansion in the industry and services sectors softened in the first half of 2019 due to fewer international visitor arrivals, according to a new Asian Development Bank (ADB) forecast. Additionally, the near stagnation in electricity exports and generation despite a slight recovery in the […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is set to further lower its inflation forecast for this year despite the recent attack on the oil production facilities in Saudi Arabia. BSP Governor Benjamin Diokno said on the sidelines of the Finovation 2019 organized by leading online financial marketplace eCompareMo.com, the central bank would […]
Read MoreAsia Pacific ranked second worldwide in terms of international tourism growth, reporting an increase of 6.0 per cent year-on-year. Growth was driven by Korea, which received a total of 8.4 million visitors during the period, representing growth of 16.9 per cent year-on-year. Within Asean, Vietnam continued to record strong visitor arrivals on the back of […]
Read MoreRetailers look set to tap the government’s 1,000-baht cash giveaway and 15% cash rebate scheme, though they argue that such measures will provide only a short-term increase in purchasing power. Retail operators from all formats, including Central Group’s Robinson Department Store, Tops Market and Tops Daily; Big C; Tesco Lotus; Makro; CentralWorld; and various other […]
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Thailand
