PETALING JAYA: Malaysia’s aspiration to enter the league of high-income nations may have become tougher to achieve, owing to the country’s political uncertainty, an ageing population and the government’s diminishing ability to spend. According to Fitch Solution, the middle-income trap looms large for Malaysia over the next 10 years as average growth is forecast to […]
Read MoreThe Hanoitimes – The system helps reduce the average clearance time at Noi Bai Airport from up to six hours to less than 10 minutes. The Ministry of Finance, the General Department of Vietnam Customs (GDVC) and Hanoi’s Department of Customs jointly launched on September 29 the Vietnam Automatic System for Customs Management (VASCM) at Noi Bai International […]
Read MoreTHE Urban Redevelopment Authority’s (URA) flash estimate for the third quarter of this year showed that the overall price index for private homes in Singapore edged up 0.8 per cent over the preceding three months. This comes after a 0.3 per cent increase in Q2 this year. According to the URA flash estimate released on […]
Read MoreIndonesia wants the next World Trade Organization (WTO) director-general to uphold the multilateral trade system, support developing countries’ interests and be able to handle the United States-China trade war, an official has said. Syamsul Bahri Siregar, the country’s ambassador to the Geneva-based trade body, said on Tuesday that the candidate should also be willing to […]
Read MoreThailand has kick-started efforts to forge a free trade agreement (FTA) with the European Free Trade Association (Efta), a regional trade bloc consisting of Iceland, Liechtenstein, Norway and Switzerland. Auramon Supthaweethum, director-general of the Trade Negotiations Department, said on Wednesday after a seminar dubbed “Efta New Market in New Normal”, the department hired the Institute of […]
Read MoreMANILA, Philippines — Provisioning for bad loans by most banks in Asia-Pacific (APAC) is expected to remain elevated until next year, with the Philippines booking the highest increase as the economic downturn amid the COVID-19 pandemic continues to strain borrowers’ repayment capacity, according to Fitch Ratings. In a report titled “APAC bank provisioning set to […]
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