MANILA, Philippines — The Philippines may post a slower economic expansion this year after the series of rate increases adopted by the Bangko Sentral ng Pilipinas (BSP) last year to rein in inflationary pressures, according to a France-based investment bank. Trinh Nguyen, senior economist of Natixis, said in its Asia Outlook 2019 the gross domestic […]
Read MoreThe government is considering extending its grip on the exports of wood products and mai khud lom — trees grown to a certain size and dug from the ground to be replanted in other places for landscaping — to build confidence of trading partners and increase shipments. Adul Chotinisakorn, director-general of the Foreign Trade Department, said […]
Read MoreChea Pov, a native of Koh Thom district in Kandal province, wakes up before sunrise every morning to earn a living at construction sites around Phnom Penh. Today, the 40-year-old, mid-skilled construction worker will have to drive his motorcycle for half an hour to a construction site on Hun Sen Boulevard, near the Mercedes showroom. […]
Read MoreHANOI – Prime Minister Nguyen Xuan Phuc has asked the Tax Department of HCM City to hold back on enforcing a tax decision on collecting VND3.14 trillion (US$134.2 million) from Sai Gon Beer-Alcohol-Beverage Corporation (Sabeco) for violations on special sales tax. This request was made in an express document of the Government Office signed by […]
Read MoreShips at the Makassar Container Terminal in South Sulawesi are having to wait for five or seven days before they can load and unload cargo. Makassar Port Authority head Harno Trimadi said on Thursday that the terminal was beyond its capacity, as it was left to deal with 670,000 20-foot equivalent units (TEUs) even though it […]
Read MoreThe construction market is expected to maintain its growth prospects in the next few years, helped primarily by major public sector infrastructure projects. We believe that private-sector construction work will also increase, helped by the expansion in public infrastructure projects and a recovery in residential property activity. However, competition will remain fierce; hence our neutral rating. […]
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Thailand
