The Ministry of Planning, Finance and Industry has released preliminary forecasts for fiscal 2019-20. The government is expecting the economy to grow by 7 percent between October 1, 2019 and September 30, 2020 compared to loftier forecasts of 7.6pc growth for the economy in the previous fiscal year. This is mainly due to a slowing […]
Read MoreDESPITE the threat from online shopping, it is not all gloom at Singapore’s retail scene with some landlords continuing to invest and upgrade malls. That is because online shopping – while growing – remains low at just 6.1 per cent of overall retail sales, going by October’s retail sales data released by the Department of […]
Read MoreTHAILAND’S central bank left its benchmark interest rate unchanged at a record low on Wednesday, while cutting its growth forecasts for this year and next as exports take a hit from the US-China trade war and a strong baht. The Bank of Thailand’s (BOT) monetary policy committee (MPC) voted unanimously to keep the one-day repurchase […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) expects inflation at between two and four percent for 2022 as inflationary pressures from international commodities are expected to remain modest. BSP Governor Benjamin Diokno said the two to four percent inflation target for 2020 – 2022 continues to be an appropriate quantitative representation of the […]
Read MoreThe Hanoitimes – The negative outlook reflects some ongoing risk of payment delays on some of the government’s indirect debt obligations. Moody’s Investors Service late on Wednesday confirmed the Government of Vietnam’s Ba3 local and foreign currency issuer and senior unsecured ratings, but changed the outlook to negative, concluding the review for downgrade that was initiated […]
Read MoreThe Board of Investment (BoI) agreed on Wednesday to upgrade investment privileges for projects in the government’s flagship Eastern Economic Corridor (EEC) to make them more enticing and promote human resource development. Duangjai Aswachintachit, secretary-general of the BoI, said the upgraded version extends privileges to cover investment projects located outside the EEC’s industrial estates and […]
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Thailand
