Thailand’s R&D spending is expected to drop to 166 billion baht, or 1.09% of GDP this year, weighed down by the impact of the coronavirus pandemic, says the Office of National Higher Education Science Research and Innovation Policy Council (NXPO). Last year’s R&D spending is still under assessment but is estimated to reach 200 billion […]
Read MoreIndonesia is still among the preferred Southeast Asian markets for investment amid the country’s continuous fight against COVID-19, backed by strong household spending and a young working population, Singapore’s largest bank, DBS, has stated. In a report titled “CIO Insights 3Q20” released on Monday, DBS noted that the country would quickly return to normalcy after […]
Read MoreMANILA, Philippines — Rates for short-term government securities plunged yesterday following the central bank’s surprise 50-basis-point rate cut last week, according to the Bureau of the Treasury (BTr). During yesterday’s auction, the 91-day Treasury bills (T-bills) fetched an average rate of 1.746 percent, 32.2 basis points lower than the 2.068 percent recorded last week. Healthy […]
Read MoreThailand will lift a ban on international flights on Wednesday, its aviation regulator said on Monday. The Civil Aviation Authority of Thailand (CAAT) said the ban on international flights will be lifted on Wednesday under some conditions. Aircraft and persons entering Thailand must comply with the conditions, time limits and rules of the authorised persons […]
Read MoreSINGAPORE (June 29): Economists expect Singapore’s manufacturing to weaken in the coming months, following the plunge in May’s factory output numbers. The metric fell 7.4% year-on-year, reversing into the red after two months of stellar growth. RHB Securities’ economists attribute this to the circuit breaker measures which restricted the operations of non-essential services from April […]
Read MoreThe Hanoitimes – Vietnam’s trade turnover is likely to have reached US$238.4 billion in the first half this year, down 2.1% year-on-year. Vietnam reported an estimated trade surplus of US$500 million in June, expanding the country’s trade surplus to US$4 billion in the January – June period, compared to a US$1.7-billion surplus recorded in the same […]
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