The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) on Wednesday forecast that exports this year will contract 1 per cent from the previous year. The committee had earlier this year projected export growth of 3 to 5 per cent for 2019 It reduced its forecast for GDP growth this year to 2.9 per […]
Read MoreMANILA, Philippines — The Philippines’ trade deficit narrowed in May as exports were flat while imports worsened, the country’s statistics agency reported Wednesday, with one analyst saying the improvement in the nation’s trade imbalance is “likely temporary.” The country’s trade gap decreased to $3.28 billion in May, narrower than $3.47 billion deficit in April and […]
Read MoreThe Hanoitimes – Targeted destinations for the company include key economic hubs like Ho Chi Minh City, Hanoi and Haiphong, as well as high-growth areas like Danang, Phu Quoc, Nha Trang, Cam Ranh and Hoi An. Asian hospitality company Centara Hotels & Resorts, part of Thai conglomerate Central Group, is looking to open at least […]
Read MoreState-owned construction company PT Waskita Karya is in the process of selling five toll roads this year and says it already has buyers for two of them. “We just closed deals for the [Surakarta-Ngawi] and Ngawi-Kertosono toll roads,” Waskita president director I gusti Ngurah Putra said on Tuesday as reported by kontan.co.id, referring to toll roads […]
Read MoreThe incoming government should come up with a Bt20-billion package of economic stimulus measures in the second half of 2019, according to Siam Commercial Bank’s Economic Intelligence Centre (EIC). “In the latter half of 2018, the government allocated Bt18 billion to stimulate the economy. We expect the incoming government to at least match last year’s […]
Read MoreUS-BASED social media platform Pinterest has launched an office in Singapore to service South-east Asia and India, as part of its expansion in Asia-Pacific, the company announced in a press release on Wednesday. The move comes about three months after its debut on the New York Stock Exchange. Pinterest’s office here will be headed by […]
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Thailand
