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IMF retains 6.6% growth forecast for Philippines this year

MANILA, Philippines — The International Monetary Fund (IMF) has retained the Philippines’ economic growth target at 6.6 percent for this year. “We see continued robust domestic demand driven by investment and consumption, and fiscal policy is supportive of growth. Hence no change to our forecast,” IMF resident representative Yongzheng Yang said. For 2018, however, the […]

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Thailand: One-stop portal for startup aid under development

The cabinet yesterday approved 4 billion baht from the National Broadcasting and Telecommunications Commission (NBTC) budget to develop a “doing business” portal, envisioned as a one-stop solution for helping startups. According to Kobsak Phutrakul, assistant minister to the Prime Minister’s Office, the portal is a business licensing platform that will deliver a more user-friendly and […]

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Vietnam: Sustainable development’s good for business

HANOI – A focus on sustainable development is good for business, and enterprises should see it as critical for long-term growth, Vu Tien Loc, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI), said yesterday. Therefore, they should intensify their search for solutions to address sustainability challenges, he said at the Vietnam Corporate Sustainability […]

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Laos, Vietnam speeding up oil pipeline project

Lao authorities are gearing up to realise the planned bonded warehouses and pipeline project from Vietnam’s Hon La port to Laos’ Khammuan province as the countries’ leaders agreed to speed up implementation. Prime Minister Thongloun Sisoulith and his Vietnamese counterpart Nguyen Xuan Phuc agreed to accelerate the project during the Lao premier’s visit to Hanoi […]

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