JAKARTA (Reuters) -Indonesia pulled out of recession in the second quarter, reporting its strongest annual growth rate in 17 years, but analysts warned its economic recovery will suffer a setback due to a recent surge in COVID-19 infections. Southeast Asia’s largest economy grew 7.07% in the April-June quarter compared with a year earlier, its first […]
Read MoreThe government expects private investment in the state flagship Eastern Economic Corridor (EEC) scheme to reach as much as 2.5 trillion baht in 2027, playing a key role in driving economic growth during that period. Kanit Sangsubhan, secretary-general of the EEC Office, said his office is feeling upbeat that private investment in the EEC will […]
Read MoreSouth Korea continues to be Vietnam’s largest foreign investor with an accumulated registered capital of US$72 billion in 9,100 projects. While the FDI into Vietnam declined by 2.5% for the first half of the year, the country remained a favorite destination for South Korean investors with a surge in investment inflow of 43.6% year-on-year. Lee […]
Read MoreAFP – Asian equities mostly rose Wednesday, in line with the recent volatility in global markets as optimism over the economic recovery and coronavirus vaccinations plays off against concerns about the fast-spreading Delta variant and China’s regulatory crackdown. A forecast-beating corporate earnings season and constant reassurance from the US Federal Reserve over its ultra-loose monetary policies […]
Read MoreMANILA, Philippines — Two-thirds of consumers saw their income negatively affected by the COVID-19 pandemic in the second quarter, with the impact more pronounced for Gen X and millennials, according to a survey by information and insights company TransUnion. Conducted from June 1 to 16, TransUnion’s Consumer Pulse study covering 1,100 respondents showed 66 percent […]
Read MoreSmall and medium-sized Cambodian companies are to receive government training on how to make the most of the digital economy. The Ministry of Commerce says the training programme is an important part of its Go4eCAM project. That project aims to increase economic opportunities for small and medium enterprises (SMEs) by giving them a doorway to […]
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Thailand
