Hanoi: Multinational electronic companies are making moves to increase investment and expand production, to help Ho Chin Minh (HCM) City become a leading production hub. Vo Van Hoan, vice-chairman of the HCM City people’s committee said the city was home to 50 foreign direct investment (FDI) projects with an investment capital of more than US$5bil […]
Read MoreJAKARTA: Indonesia has recorded its first annual import growth since July 2019, indicating a sign of recovery in factory activity and manufacturing investment, following last year’s economic downturn due to the Covid-19 pandemic. Statistics Indonesia (BPS) reported the value of Indonesia’s imports was up 14.86% year-on-year (y-o-y) to US$13.26bil in February, ending the trend of […]
Read MoreThe Kingdom is forecast to register gross domestic product (GDP) growth of 3.5 percent, a sharp reversal of 2020’s contraction of 3.1 percent, the Ministry of Foreign Affairs and International Cooperation has said in its macroeconomic situation report. After registering 7.1 percent GDP growth in 2019, the Kingdom is forecast to reach GDP growth of […]
Read MoreFinance Minister Arkhom Termpittayapaisith feels upbeat about the country’s economic prospects because of the Covid-19 vaccine roll-out in Thailand, predicting the economy will start picking up in the fourth quarter. Speaking after getting a shot of the AstraZeneca vaccine, Mr Arkhom said on Tuesday he believes the inoculations will shore up people’s confidence, leading them to […]
Read MoreGLOBALLY, prices of commodities like oil, food and base metals, as well as raw materials, have rebounded strongly from the low in 2020 on the back of positive news about the Covid-19 vaccine trials and mass vaccination programmes. The World Bank reported that between April 2020 and February 2021, food prices have gone up by […]
Read MoreAmid virus containment struggles The Philippines will make a slower economic recovery this year as it continues to struggle to contain the coronavirus disease and encounter delays in its vaccine program, the research unit of Moody’s said. Steven Cochrane, chief economist for Asia-Pacific at Moody’s Analytics, said in his latest APAC economic outlook titled “Much […]
Read More
Thailand
