Small and medium enterprises (SMEs) are still struggling to compete and expand five years after U Thein Sein’s former government established a central committee to support the sector and after the Central Bank of Myanmar recently permitted banks to approve loans without collaterals. On top of limited access to capital, insufficient supporting infrastructure, high taxes […]
Read MoreSome 70% of small and medium-sized enterprises (SMEs) say their business has bottomed out, but most remain uncertain of when they will start investing again, according to a survey by the University of the Thai Chamber of Commerce (UTCC). As many as 38.8% of respondents were unsure when they will invest again, 3% said they […]
Read MoreKUALA LUMPUR: Member states of Asean must be ready to embrace technological transformation to take advantage of the opportunities from digitisation, according to HSBC Malaysia. In a press statement on Friday, the bank’s retail banking and wealth management country head Lim Eng Seong said that the growing importance of digital innovation will shape the next […]
Read MoreKUALA LUMPUR: Malaysia recorded an inflation of 4.3% year-on-year (y-o-y) in September, the highest since March, mainly due to the rise in transportation costs and prices of food and non-alcoholic beverages. According to the latest figures released by the Statistics Department on Friday, transportation costs in September rose significantly by nearly 15.8% y-o-y, the highest […]
Read MoreMANILA, Philippines — The Philippines has now tied Vietnam in terms of labor cost attractiveness for manufacturing companies, according to Japanese investors, but the country still has a slight competitive advantage over its regional peers due to the set of incentives provided by the Philippine Economic Zone Authority (PEZA). “We observe that labor cost is […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia (BI) expects Indonesia`s economic growth in the third quarter to improve from the previous quarter. The overall economic growth for this year is estimated to be higher than the initial projection of 5.0 to 5.4 percent and will increase to 5.1 to 5.5 percent by 2018. Bank Indonesia’s head of economic and monetary policy […]
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Thailand
