SINGAPORE – Singapore closed its worst year of economic performance on an optimistic note as the economy shrank less than expected. Gross domestic product (GDP) contracted by 5.8 per cent for the whole of 2020 amid the disruption to economic activities caused by the coronavirus pandemic, according to the Ministry of Trade and Industry’s (MTI) […]
Read MoreVietnam’s GDP will expand by 8.6 percent this year, the highest in over two decades, market research firm Fitch Solutions has forecast. The firm revised the growth rate, the highest in 24 years according to World Bank’s data, from the earlier 8.2 percent, expecting a global vaccine rollout to drive recovery in external demand for […]
Read MoreSINGAPORE (THE BUSINESS TIMES) – The overall payment performance of Singapore firms hit an all-time low in 2020 amid the economic fallout from the Covid-19 pandemic. The annual average proportion of prompt payments fell to less than half of total payment transactions to 40.74 per cent in 2020, from 49.05 per cent in 2019, the […]
Read MoreRestaurant operators are worried new state measures to curb the wave of Covid-19 infections will halt their recovering sales. An executive at Laem Charoen seafood restaurant who requested anonymity said because seafood is mostly consumed freshly cooked at restaurants, more than takeaway or delivery, his company anticipates a sales decrease. The government order on Monday that […]
Read MoreThe Ministry of Commerce has put forward a recommendation that a reduction of import tariffs on mechanical and electrical products and spare parts be undertaken in order to lower production costs in the manufacturing and assembly sector. According to a survey conducted by the ministry, current Cambodian import tariffs on these products and parts are […]
Read MoreMANILA, Philippines — Fresh from the pounding from coronavirus pandemic last year, automakers are warning this year may not be any better, no thanks to a government order to slap tariffs on imported cars. That decision, the Chamber of Automotive Manufacturers of the Philippines (CAMPI) said, is likely to trigger further sales losses, which in […]
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Thailand
