Myanmar’s economy has picked up in the 2018-19 fiscal year, supported by an improvement in business sentiment amid renewed reform momentum, strong growth in garment manufacturing, expansion of tourism-related services and stronger fiscal spending, according to the preliminary assessment by the ASEAN+3 Macroeconomic Research Office (AMRO) after its Annual Consultation Visit to the country from […]
Read MoreConsumer spending remains far from improved in the first half of the year as the gloomy export outlook weighs on economic growth. Overall spending power has reached the most critical level in the past five years, said Boonsithi Chokwatana, chairman of consumer goods conglomerate Saha Group. “Consumer spending in the past few months has been […]
Read MoreThe Hanoitimes – The escalation of the US – China trade war in the long term could pose negative impacts on Vietnam’s economy. Not being named as a currency manipulator means the US is unlikely to impose import tariffs on Vietnam’s products, at least in the short term, according to Luong Van Khoi, vice director of […]
Read MoreThe consumer confidence index (CCI) fell for the second straight month in June to 100.7 from 103.1 the previous month as consumers gave more negative assessments of current economic and employment conditions. Customers are less upbeat about the outlook for local business conditions and their family incomes over the next six months, according to a […]
Read MoreElectronic cash transactions are seeing more adoption in Myanmar as people opt for the convenience of not having to withdraw money from banks or automated teller machines. As such, banking officials and financial technology firms believe that Myanmar would see significant developments of such payment systems over the next two years. Recently, Visa country manager […]
Read MoreSET-listed oil and gas explorer PTT Exploration and Production Plc has made a gas discovery off the shore of Sarawak in Malaysia, marking PTTEP’s biggest find ever. Through wholly owned subsidiary PTTEP HK Offshore Ltd (PTTEP HKO), the company found the gas at Lang Lebah-1RDR2, the first exploratory well in the Sarawak SK410B project. The […]
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Thailand
