MANILA, Philippines — The World Bank turned less bullish on economic recovery for the Philippines after it further downgraded the country’s growth prospects for the year amid the renewed lockdown due to the Delta variant and the still slow pace of vaccine rollout. Based on the multilateral lender’s East Asia and Pacific Fall 2021 Economic […]
Read MoreThe head of the Asian Development Bank (ADB) says Cambodia needs to focus on its struggling industries and improve overall productivity to drive a sustainable recovery from last year’s minus 3.1 percent in gross domestic product (GDP). The bank cut its forecast for 2021 growth last week to 1.9 percent from a 4 percent forecast […]
Read MoreFinance Minister Arkhom Termpittayapaisith said on Wednesday that monetary policy needed to be kept accommodative and be in step with fiscal policy to support the economy. Speaking to a business seminar organised by the Prachachart Thurakij business media group, the minister also said that exports should be able to underpin economic growth this year. “Monetary policy must […]
Read MoreSINGAPORE (THE BUSINESS TIMES) – Office rents in Singapore have turned a corner, bottoming out in the third quarter of this year, according to Knight Frank’s quarterly office market bulletin out on Wednesday (Sept 29). The real estate consultancy firm reported that prime-grade office rents in the Raffles Place/Marina Bay precinct grew for the first […]
Read MoreKUALA LUMPUR, Sept 29 — Malaysia dropped 15 places to 41 out of 160 in the World Bank’s Logistics Performance Index (LPI) for 2018 compared to 24 in 2014 and 32 in 2016 when it was the second-best performing Asean nation after Singapore. In the LPI for 2018, Singapore is now ranked seventh, followed by […]
Read MoreThe amount of newly registered foreign investment capital in Vietnam in January – September 2021 decreased year on year because many provinces had implemented social distancing, according to the Ministry of Planning and Investment. The number of foreign-invested projects licenced fell by 37.8% year on year, with 1,212 projects. However, the total registered capital of […]
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Thailand
