SINGAPORE has moved up one spot to place 4th in the latest edition of the IMD World Digital Competitiveness Ranking, after Denmark, the United States, and Sweden. The Republic’s progress was driven by an enhancement in tertiary education (improvement in pupil-teacher ratio), an increase in its share of employees working in research and development (R&D), […]
Read MoreEconomic growth in Laos is expected to be slower than forecast in April due to both external and internal factors, according to a report issued by the World Bank on Monday. The World Bank’s East Asia and Pacific October 2022 Economic Update lowered the gross domestic product (GDP) growth forecast for Laos in 2022 to […]
Read MoreMANILA, Philippines — The World Bank has raised its growth forecast for the Philippines this year, citing strong recovery in consumption. In the East Asia and the Pacific Economic Update October 2022 report released yesterday, the World Bank now expects the country’s gross domestic product (GDP) growth at 6.5 percent for this year, up from […]
Read MoreForeign businesses continue to show their confidence in Vietnam’s investment environment. The disbursement of foreign direct investment (FDI) in Vietnam during the nine months of 2022 reached nearly US$15.4 billion, up 16.2% year-on-year, a report of the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment has shown. “Businesses are firmly on the […]
Read MoreTHAILAND is poised to raise its policy rate for a second straight meeting, with a handful of economists expecting a more aggressive tightening as the baht’s plunge to a 16-year low threatens to further stoke inflation. Bank of Thailand (BOT) will raise the benchmark 1-day repurchase rate by 25 basis points to 1 per cent […]
Read MoreMANILA: Economic growth in East Asia and the Pacific will weaken sharply in 2022 due to China’s slowdown, but the pace of expansion will pick up next year, the World Bank says. The Washington-based lender said in a report it expected 2022 growth in the East Asia and Pacific region, which includes China, to slow […]
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