American entrepreneurs are keen to invest in the Eastern Economic Corridor (EEC), home to 12 targeted industries that are expected to transform Thailand into an innovation-driven economy, says Lavaron Sangsnit, director-general of the Fiscal Policy Office and the Finance Ministry’s spokesman. Those engaged in the energy, finance and infrastructure sectors have shown an interest in […]
Read MoreManufacturing sentiment in Singapore remained in negative territory for a sixth consecutive month in October, as the uncertain global trade environment continues to cast a shadow over factory activity in the city-state and the region. But fruitful trade discussions between China and the US could give the sector a boost and possibly recovery by early […]
Read MoreThe Hanoitimes – Vietnam has the second-largest consumption share in ASEAN, with the potential to outpace the Philippines soon. This should change the popular perception about ASEAN, in which Indonesia and the Philippines are usually considered the major domestic-oriented economies. In a country like Vietnam, with exports as high as 100% of nominal GDP, it’s easy […]
Read MoreThe Hanoitimes – The 16-nation trade deal, which includes major economies such as India and China, would make up nearly 50% of the world’s population, about 30% of global GDP and 28% of total trade turnover. The world’s biggest trade deal Regional Comprehensive Economic Partnership (RCEP) would likely be signed in 2020 in Vietnam, according to […]
Read MoreExporters are maintaining their forecast for outbound shipments to contract by 1.5% this year, blaming the world’s slowing economy, the protracted trade war and the stronger baht. Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers’ Council, said the US suspension of trade preferences for Thailand under the Generalized System of Preferences (GSP) has added to […]
Read MoreBusinesses from China, Thailand, Korea and Japan, including those from the power and logistics sectors, have said they are keen to invest in the Dawei Special Economic Zone (SEZ) in Tanintharyi, which is near the Thai border. Investor interest in Dawei, which has yet to be developed, has been on the rise since Myanmar and […]
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