SINGAPORE’S industrial output fell 6.9 per cent in June, deepening from May’s 2 per cent fall and marking the fourth straight month of year-on-year decline, according to preliminary estimates from the Singapore Economic Development Board on Friday. June’s figure was a smaller decline than economists’ expectations of an 8.5 per cent fall. Excluding the volatile biomedical […]
Read MoreThe Bank of Thailand (BOT)’s latest measure to manage the inflow of foreign money should not affect long-term foreign investment in the country, BOT director of economic analysis Pornpen Sodsrichai said on Thursday. “Our latest measure to prevent baht speculation by reducing the limit on the outstanding balance of non-resident baht accounts (NRBA) and non-resident […]
Read MoreMANILA, Philippines — The International Monetary Fund (IMF) has lowered anew the gross domestic product (GDP) growth forecasts for the Philippines over the next two years primarily due to the disappointing performance in the first quarter. Yongzheng Yang, IMF’s resident representative to the Philippines, said the multilateral lending agency slashed its GDP growth forecasts to […]
Read MoreSINGAPORE: The US-China trade war is threatening to drag export-reliant Singapore into a recession and aggravating underlying risks facing the former tiger economy. Singapore’s economic data have gone from bad to worse this month. Exports slumped to their second-worst rate since the global financial crisis, the purchasing managers index slipped into contraction for the first […]
Read MoreA lack of updated information on the Myanmar government’s priorities will no longer be a major challenge for Thai and foreign companies keen to invest in Myanmar, as the latest developments in its business scenario are to be shared at the fourth edition of Myanmar Insight seminar next month. Speaking at a press conference on […]
Read MoreThailand was ranked 56 out of 194 countries in the Government AI Readiness Index 2019 while Singapore sat top of the chart, according to UK-based consultancy Oxford Insights. Thailand was given a 5.458 rating out of 10, one spot above Indonesia at 57, which gained a score of 5.42. Malaysia was ranked 22nd with a […]
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