MANILA, Philippines — The country’s balance of payments (BOP) reverted to a $248 million surplus in July amid the strong inflows from the central bank’s foreign exchange operations and investments abroad as well as national government foreign currency deposits. The Bangko Sentral ng Pilipinas (BSP) said the BOP position yielded a surplus of $248 million […]
Read MoreThe new stimulus package is estimated to boost economic growth by at least 0.55 percentage points and help this year’s growth to expand 3% or above, says Finance Minister Uttama Savanayana. “We hope the country’s GDP growth this year will achieve the National Economic and Social Development Council’s expectation of 3% or higher,” he said. […]
Read MoreThe National Economic and Social Development Council (NESDC) has revised down its forecast of this year’s economic growth to 3 per cent, following a slowdown in activities in the first half. Growth in the second quarter stood at 2.3 per cent, a near five-year low, or the past 19 quarters. “It is not crisis, the […]
Read MoreThe Hanoitimes – The move would help support the development of local supporting industries, particularly the automobile manufacturing and assembling in the 2019 – 2023 period. Vietnam’s Ministry of Finance (MoF) plans to remove import tariffs for auto parts and accessories which are currently not available domestically. The proposal is part of the draft decree in […]
Read MoreThe National and Economic Social Development Council will today release the gross domestic product results for the second quarter of this year. Most research houses predict growth would be slower at around slightly over 2 per cent, compared with 2.8 per cent in the first quarter which was the slowest growth in nearly four years. […]
Read MoreSINGAPORE – The Maritime and Port Authority of Singapore (MPA) along with its partners, have launched the first sector-specific guide that will provide both listed and non-listed maritime companies with a practical framework, including best practices for creating a maritime sustainability report. Other partners include the Singapore Exchange (SGX), Global Compact Network Singapore (GCNS), the […]
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Thailand
