MANILA, Philippines — The Philippines will need to “heavily” depend on heightened state spending to fuel economic growth, as household consumption will likely remain in retreat due to rising prices of goods and higher borrowing costs, a global bank said. Data from the Bureau of the Treasury showed disbursements jumped 26 percent year-on-year to P298.6 […]
Read MoreHonor, a Chinese smartphone brand, is increasing investment in the Thai market by 50% to become a top-four player by 2021. Thailand is projected to become a top 10 market for Honor by 2020, with the top 10 contributing half of total revenue outside of China for the company. “Since Honor started selling smartphones in […]
Read MorePHNOM PENH: Cambodia’s garment exports grew by 10.73% in the first half of 2018 and are projected to remain strong despite a European Union threat to withdraw duty-free trading access, official data showed on Wednesday. Cambodia exported $3.2 billion worth of garments in the first half of this year, compared to $2.9 billion for the same […]
Read MoreThe World Economic Forum has released the latest version of its Global Competitiveness Index which saw differing fortunes for longstanding Asian giants. The 2018 edition of the World Economic Forum’s competitiveness Index saw China slip down in the rankings on the back of a slowing macroeconomic situation and longstanding barriers within the Chinese work force. […]
Read MoreThe Bank of Thailand (BOT) revealed that real estate developers and commercial banks had submitted ideas to help develop new criteria for home loans. Participants emphasised the need to adjust the regulatory framework if they benefit the general image of the banks without significantly affecting the system. They hoped that customers will gain the most […]
Read MoreSINGAPORE has been moving fast towards achieving industrial transformation by creating both soft and hardware infrastructures to support firms and workers to achieve industry 4.0. While Thailand and many other countries have adopted an industry 4.0 policy to harness disruptive technologies that will advance their economies, Singapore has been doing it in a systematic way. […]
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