The rate is even higher than the 7.1% year-on-year growth from a pre-Covid-19 environment in 2019. Vietnam’s household spending is projected to grow by a real rate of 9.6% year-on-year over 2021, a significant improvement from a projected 0.5% growth in 2020, according to Fitch Solutions, a subsidiary of Fitch Group. The rate is even […]
Read MoreCambodia, which currently depends for most on its less -developed agricultural products on negotiating free trade agreements (FTAs), needs to urgently address this issue, say industry watchers. With about 80 percent of its total exports being garments and textiles, mostly under the trade preferences provided by developed economies, the government is now boosting agricultural products […]
Read MoreMANILA, Philippines — The government’s debt payments in the first nine months exceeded P1 trillion following the repayment of the P300 billion short-term loan from the Bangko Sentral ng Pilipinas (BSP), according to the Bureau of the Treasury (BTr). Based on BTr data, debt service from January to September amounted to P1.13 trillion, a dramatic […]
Read MoreSINGAPORE: Singapore’s economy is unlikely to pick up in a “very vibrant sort of way very soon” as key export markets in Europe and the US face renewed coronavirus outbreaks, Prime Minister Lee Hsien Loong said. While many sectors have shown improvement since lockdown measures were relaxed, some such as aviation, transport and tourism are […]
Read MoreMANILA, Philippines — The peso may weaken and move closer to the 49 to $1 level toward the end of the year due to stronger imports as demand is expected to recover amid the easing of lockdown measures, according to Bank of the Philippine Islands lead economist Jun Neri. “Dollar demand may pick up and […]
Read MoreThailand looks set to sign the Regional Comprehensive Economic Partnership (RCEP) trade pact by the middle of this month. According to a source at the Commerce Ministry who requested anonymity, Commerce Minister Jurin Laksanawisit would represent Thailand in signing the pact during Asean regional summits held virtually from Nov 12-15. Vietnam, as chair of Asean, […]
Read More
Thailand
