Thailand’s GDP contraction is expected to be less severe because of the resumption of economic activity, but the government should be more assertive in shoring up public and private consumption to compensate depressed exports and tourism, says JP Morgan Thailand. The full-year economic contraction has been upgraded to -3% from -9%, as the easing of […]
Read MoreNo forecast made so far on Cambodia’s economic growth this year has showed a positive rate, but “World Bank’s October 2020 Economic Update for East Asia and the Pacific” predicted a better rate than other financial institutions. According to the World Bank, on a positive note, the World Bank said Cambodia’s domestic demand had been […]
Read MoreMANILA, Philippines — Fitch Ratings now expects a deeper economic contraction of eight percent for the Philippines amid the rampaging COVID-19 pandemic. “The continued spread of COVID-19 in the Philippines has necessitated renewed lockdown measures in and around the capital of Manila, which are likely to depress economic growth by much more than Fitch Ratings […]
Read MorePETALING 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 […]
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