MANILA, Philippines — The Philippine economy is expected to start recovering in the second quarter of next year after the country imposed the longest and strictest lockdowns to contain the spread of COVID-19, according to Fitch Solutions Country Risk & Industry Research. Michael Langham, senior analyst for Asia at Fitch Solutions, said during the Asia […]
Read MoreCITI will open its largest wealth hub globally in Singapore in December, tapping into growing wealth with a safely-distanced personal touch. The new wealth hub at 268 Orchard can house more than 300 relationship managers and product specialists, and features built-in facilities to host tailored lifestyle events for clients, as well as investment seminars. Officially […]
Read MoreEconomic recovery momentum during July and August suggests the economy could contract less in the third quarter than the previous period, says the Fiscal Policy Office (FPO). Although economic conditions in August were still sluggish, the recovery momentum continued based on several economic indicators, said FPO adviser Wuttipong Jittungsakul. Private consumption improved through a lower […]
Read MoreKUALA LUMPUR: Malaysia’s trade surplus expanded 19.7% on a year-on-year (y-o-y) basis to RM13.23bil in August as higher exports of electrical and electronic (E&E) and rubber products cushioned the decline in overall exports. Exports fell 2.9% y-o-y to RM79.14bil, according to the Ministry of International Trade and Industry (Miti), which underperformed the median estimate of […]
Read MoreThe Hanoitimes – While global FDI is projected to decline by 40% year-on-year in 2020, FDI commitments to Vietnam in the first eight months dropped 13.7% year-on-year to US$19.54 billion. At a time when countries around the world are competing for high quality foreign direct investment (FDI) as investors look to diversify their global supply chains, […]
Read MoreComplaints by local workers that they are experiencing a rise in their cost of living have not been confirmed by official data, with surveys stating food, transport and medical costs are stable and the Consumer Price Index projected to increase at a relatively low rate of around 2 percent a year until 2022. The Consumer […]
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Thailand
