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Singapore downgrades 2020 growth forecast on virus outbreak; 2019 GDP slows to 0.7%

SINGAPORE’S official growth forecast for 2020 has been downgraded, with authorities bracing for the possibility of negative growth should the novel coronavirus outbreak be more severe than anticipated, even as 2019 full-year growth came in consistent with earlier flash estimates. The Ministry of Trade and Industry (MTI) is expecting full-year gross domestic product (GDP) growth […]

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EVFTA to trigger high-quality FDI flows into Vietnam: AHK

The Hanoitimes – “The EVFTA is a clear commitment for reliable trade based on transparent rules.” Stronger foreign direct investment (FDI) from Europe are expected to flow to Vietnam, into high-valued projects in the long term, when the EU- Vietnam free trade and investment protection agreements come into force, according to Marko Walde, chief representative of […]

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Philippines: Electronics export growth at risk due to COVID-19

MANILA, Philippines — The country’s electronics exports are at risk, with growth lower than projected this year if the supply chain disruptions brought by the COVID-19 outbreak are prolonged. Semiconductor and Electronics Industries in the Philippines Foundation Inc. (SEIPI) president Dan Lachica said in a text message that the electronics industry is grappling with the […]

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Thailand: Dark day clouds growth outlook

Feb 8, 2020 will be remembered as one of the darkest days in Thailand’s history. What initially appeared to be a tranquil weekend holiday turned to terrible tragedy as many lives were lost when a distressed soldier went on a shooting rampage in Nakhon Ratchasima province. Jakrapanth Thomma was meeting with his commanding officer and […]

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