It has been eight years since Timor-Leste submitted a formal application to be a member of the Association of Southeast Asian Nations (Asean) but so far, the regional bloc has not accepted what would be its 11th member. Timor-Leste Foreign Minister Dionisio Babo Soares, however, expects to hear some good news this year while Thailand […]
Read MorePhnom Penh (FN), Aug. 3 – The Asian Development Bank (ADB) forecasts a 7 percent growth in gross domestic product (GDP) of Cambodia by 2019, the highest among any other ASEAN member states. In its report, the ADB also stated that Cambodia’s GDP would grow 6.8 percent in 2020, while inflation rate would be 2.5% in […]
Read MoreKUALA LUMPUR, Malaysia (Sin Chew Daily/ANN) – Malaysia’s Nikkei Purchasing Manager’s Index has been down for three consecutive months and remains below entrepreneurs’ confidence threshold since October 2018. x While the second quarter of the economy is expected to maintain 4.5% of growth rate achieved in first quarter, the risk of a slowdown in economy for third […]
Read MoreEconomists are forecasting that Thailand’s Monetary Policy Committee meeting on August 7 will maintain the country’s interest rate at 1.75 per cent despite the US FED cutting its interest rate last week. “We believe that the MPC will maintain the country’s interest rate 1.75 per cent and that as the FED interest cut will have […]
Read MoreGEORGE TOWN: The volume of export cargo handled at Penang International Airport is projected to contract by 1% to 2% this year from 69, 855 tonnes recorded last year. Penang Freight Forwarders Association (PFFA) had earlier forecast the volume of export would increase by 5% to 73, 348 tonnes in 2019. According to PFFA deputy […]
Read MoreThe Hanoitimes – rime Minister Nguyen Xuan Phuc admitted although Vietnam has gained initial success in global supply chains, Vietnamese businesses have mainly joined these chains in fields such as assembling or product packaging, which are lower in value and lack sustainability in supply chains. Vietnam has been a long-term beneficiary given its rising integration with […]
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