Chinese factory activity slowed in October, official data showed on Wednesday, adding to a growing list of bad news for the Asian giant as it struggles to maintain economic momentum in the face of US tariffs and a weakening yuan. The Purchasing Managers’ Index (PMI), a key gauge of factory conditions, came in at 50.2 […]
Read MoreFIRMS here are gloomier about the business outlook for the six months to next March, according to official quarterly polls out on Wednesday. Sentiment has worsened in both the manufacturing and services sectors, and economy watchers said the trend could point to a slowdown next year. A net weighted balance of one per cent of […]
Read MoreThe Hanoitimes – Starting on October 12, Vietnam has accepted payment in the Vietnamese dong (VND), Chinese yuan (CNY), or fully convertible currencies for overland trade activities with China. The State Bank of Vietnam (SBV)’s Circular No.19 allowing the CNY payment for border trade activities between Vietnam and China does not contradict Vietnam’s Constitution, regulations set […]
Read MoreMANILA, Philippines — Manila and Beijing are expected to close financing deals on two big-ticket infrastructure projects during Chinese President Xi Jinping’s visit to the country this November, the Department of Budget and Management (DBM) said yesterday. In a press briefing, Budget Secretary Benjamin Diokno said the government is preparing to sign with China the […]
Read MoreCYBERJAYA: The new tax which will be announced in the 2019 Budget tomorrow will not be a burden to the people, said Deputy Finance Minister Datuk Amiruddin Hamzah. He said the introduction of the new tax was proposed by the Tax Reform Committee which was established to look into the appropriate actions to be taken […]
Read MoreCambodia’s garment industry saw 69 new factories open in the first nine months of this year. But 32 others closed during the period, said a Ministry of Industry and Handicraft report. Ministry spokesman Oum Sotha who voiced no concern over the possible removal of Cambodia from the EU’s Everything But Arms (EBA) preferential trade scheme, […]
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Thailand
