Gas demand is expected to rise from about 9.7 billion cubic meters (bcm) in 2020 to above 25.3bcm in 2030, while influx of LNG helps to counter the decline in domestic production. Vietnam’s gas consumption is predicted to accelerate strongly over the coming decade, more than doubling, over the duration of the upcoming Power Development […]
Read MoreThe government could revamp immigration rules this year to make it easier for expats and long-term tourists to stay in the country, part of a strategy to boost investment and tourism revenue once the pandemic eases. The proposed changes could mean foreigners would no longer have to file 90-day reports of their whereabouts — a […]
Read MoreMANILA, Philippines — The country’s road to economic recovery is now getting less and less bright amid the sustained surge in COVID-19 cases, even as the government has reimposed strict lockdown measures, a global data analytics firm said. In its weekly economic preview, IHS Markit said it now expects lower gross domestic product (GDP) growth […]
Read MoreMANILA, Philippines — The Philippines is expected to double the volume of pork imports from the global market this year amid a shortfall in supply due to the African swine fever (ASF), as well as the adjustments to the country’s tariff rate system. In the latest report of the United States Department of Agriculture (USDA)-Foreign […]
Read MoreImproving economic sentiment drove new business registrations in February to 7,265, up 13% from the same period last year, with rice farming among the top three for the first time. Thosapone Dansuputra, director-general of the Business Development Department, attributed the increase to Covid-19 vaccinations, state assistance for small and medium-sized enterprises and a plan to […]
Read MoreVietnam is forecast to lead the fastest growing ASEAN economies in 2022, according to a recent report of the International Monetary Fund (IMF). In its World Economic Outlook released earlier this week, IMF predicted Vietnam’s 2022 economic growth at 7.2 percent, followed by the Philippines (6.5 percent), and Malaysia and Cambodia (both 6 percent). Cambodia […]
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Thailand
