After a very tough few months brought on by severe lockdowns, the Vietnamese economy is finally on firmer ground, according to Tim Evans, CEO of HSBC Vietnam. The PMI, which reflects confidence, ticked up to 52.2 in November, signaling a second successive modest improvement in business conditions following a period of decline caused by the […]
Read MoreThe Asian Development Bank (ADB) trimmed its forecast for ASEAN growth this year from 3.1 percent to 3.0 percent, with downgrades for Vietnam and Malaysia offset by improved forecasts for the Philippines, Singapore and Thailand. In a supplement to the update of its Asian Development Outlook in September, the ADB almost halved its GDP growth […]
Read MoreMANILA, Philippines — The Philippines is expected to record strong growth until next year as the economy shows “impressive resilience,” with a ramped-up vaccination drive to counter the threats of new COVID-19 variants, the Asian Development Bank (ADB) said. In its Asian Development Outlook 2021 supplement released yesterday, the Manila-based multilateral lender joined local and […]
Read MoreBrands need to pay more attention to senior citizens as this group has high purchasing power and is open to new products, according to Wunderman Thompson Thailand, a marketing communications agency. The company’s “Thailand Forgotten Shopper 2021” study gauged 350 Thai respondents aged 45-65. The study is part of Wunderman’s “Future Shopper 2021”, a global commerce […]
Read MoreIndonesia will raise the excise tax rate for tobacco products by an average of 12 percent in 2022, reports The Jakarta Post. The increase will be greater for machine-made cigarettes than hand-rolled cigarettes, which will see a maximum 4.5 percent hike. Mulyani Indrawati said the decision took into account the government’s target to reduce smoking among […]
Read MoreSINGAPORE – Condominium prices in Singapore continued to rise last month, inching up by 0.8 per cent to mark the 16th consecutive month of price rises, according to flash figures by 99.co and SRX Property released on Tuesday (Dec 14). Compared with November last year, prices are up by 9.3 per cent, data showed. The […]
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