China remained the largest supplier of goods to Vietnam in 2020 as Vietnam ran a trade deficit of US$35.2 billion with the neighboring country last year, up 3.7% against 2019, according to the Ministry of Industry and Trade. Statistics from the General Department of Vietnam Customs indicated that Vietnam had exported products worth US$48.9 billion […]
Read MoreAll eyes on OPR THE week opens with Bank Negara’s decision on the overnight policy rate (OPR). The monetary policy committee (MPC) of Bank Negara is expected to meet on Wednesday. According to a Bloomberg poll, it will be a close call with six analysts calling for no change and five analysts expecting a 25-basis-point […]
Read MoreSingapore’s Purchasing Managers’ Index remained positive for six consecutive months. The manufacturing industry contracted only 5.8% YoY in Q3 2020, a significant improvement from the 13.2% YoY contraction in Q2 of the same year, according to Cushman & Wakefield. The industry also expanded by 10% YoY in Q3 with economic growth said to be driven by […]
Read MoreState-owned Government Savings Bank (GSB) plans to adjust its loan criteria to collateral-based lending from the current cashflow-based lending to assist people experiencing a liquidity crunch. The adjustment process should take 1-2 years, said GSB president and chief executive Vitai Ratanakorn. As Thailand’s economy has been hugely affected by the continuing Covid-19 outbreak, the cashflow-based […]
Read MoreWASHINGTON: President Donald Trump’s administration said on Friday Vietnam’s actions to push down the value of its currency are “unreasonable” and restrict U.S. commerce, but did not take immediate action to impose punitive tariffs. Releasing the results of its so-called Section 301 investigation into Vietnam’s currency practices, the U.S. Trade Representative’s (USTR) office said it […]
Read MorePETALING JAYA: Hotel operators are operating at their “bare minimum, ” according to the Malaysian Association of Hotels (MAH), following a near full-year of steady losses as a result of the Covid-19 pandemic. MAH chief executive officer Yap Lip Seng (pic below) said the implementation of the recent movement control order (MCO) will further exacerbate […]
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Thailand
