With the Regional Comprehensive Economic Partnership expected to enter into force early next year, more prospects could open up for Vietnam to woo additional investment and expand its trade with international partners. As scheduled, the second session of Vietnam’s 15th National Assembly will officially ratify the hallmark Regional Comprehensive Economic Partnership (RCEP), meaning the next […]
Read MoreKUALA LUMPUR, Oct 22 — Malaysia’s real gross domestic product (GDP) growth for 2021 is estimated at 4.0 per cent, below the average 4.9 per cent during the pre-Covid-19 period, but the economy is clearly on the path of a V-shaped recovery, said the Malaysian Institute of Economic Research (MIER). In its latest Malaysian Economic Outlook, Third […]
Read MoreCambodia’s economy will grow 2.4 percent this year, with gross domestic product improving to 4.8 percent in 2022, according to Phillip Bank, the only Singapore-owned commercial bank in the Kingdom. Phillip Bank Director Ong Teong Hoon said next year’s pick up will be driven by a revival in the three main sectors of the economy: […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) has opposed a proposal to suspend excise taxes on fuel, arguing that the government stands to lose P131.4 billion in revenues that can be used to fund pandemic measures. The DOF said the government would give up P24.7 billion in excise revenues and another P106.7 billion in […]
Read MoreSINGAPORE (THE BUSINESS TIMES) – Retail property rents in Singapore’s central region continued to retreat in the third quarter of this year, while those for office space fell, reversing a six-month recovery. According to data from Urban Redevelopment Authority (URA) on Friday (Oct 22), retail rents fell by a sharper 2.7 per cent in the […]
Read MoreThailand’s reopening will introduce three entry schemes for international tourists, while the list of countries eligible for quarantine-free entry without area restrictions is expected to be released on Friday. The first scheme, called “Test & Go”, will come with minimal requirements for inoculated tourists from low-risk countries who also have a high economic impact on […]
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