Lao 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 […]
Read MoreIN response to media reports that Malaysia is advancing its anti-monopoly investigation into Singapore-based Grab Holdings Inc, the ride-hailing company on Thursday said that it has “fully cooperated” with the Malaysia Competition Commission (MyCC) in their request for information, and is not aware of any breach of competition laws since its acquisition of Uber last […]
Read MoreDespite a slower-than-anticipated rise in agricultural production, Cambodia’s economy is expected to grow at 7 percent this year on the back of strong growth in traditional sectors like garments, tourism, trade and construction, according to the latest forecast by the Asian Development Bank (ADB). The bank said growth in the garment and footwear industries was […]
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Thailand
