The translation industry going from strength to strength in the Asia-Pacific region is well represented by the growth of an estimated global market currently valued at $56 billion, according to the latest report by trend analyst site MemoQ. The report said that the region remains one of the fastest-growing language service provider (LSP) markets, with […]
Read MoreThe Hanoitimes – CEBR’s report estimated by 2035, Vietnam’s nominal GDP is estimated at US$1.59 trillion from the current US$341 billion, a nearly 5-fold increase in a 15-year span. A steady and consistent economic growth is set to help the Vietnamese economy to overcome major economies in Asia such as Taiwan (China) at 21st and Thailand […]
Read MoreThe use of free trade agreement (FTA) privileges and the Generalized System of Preferences (GSP) by Thai exporters fell by 14.76% year-on-year in the first nine months of 2020, in line with the country’s lower overall exports because of the pandemic. Active utilisation of the privileges under the two schemes was seen particularly in food, […]
Read MoreSINGAPORE – Singapore closed its worst year of economic performance on an optimistic note as the economy shrank less than expected. Gross domestic product (GDP) contracted by 5.8 per cent for the whole of 2020 amid the disruption to economic activities caused by the coronavirus pandemic, according to the Ministry of Trade and Industry’s (MTI) […]
Read MoreVietnam’s GDP will expand by 8.6 percent this year, the highest in over two decades, market research firm Fitch Solutions has forecast. The firm revised the growth rate, the highest in 24 years according to World Bank’s data, from the earlier 8.2 percent, expecting a global vaccine rollout to drive recovery in external demand for […]
Read MoreSINGAPORE (THE BUSINESS TIMES) – The overall payment performance of Singapore firms hit an all-time low in 2020 amid the economic fallout from the Covid-19 pandemic. The annual average proportion of prompt payments fell to less than half of total payment transactions to 40.74 per cent in 2020, from 49.05 per cent in 2019, the […]
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Thailand
