MANILA, Philippines — The Asian Development Bank (ADB) has raised its growth forecast for the Philippines to 6.7 percent this year and 6.8 percent in 2018, citing strong household consumption, manageable inflation and infrastructure investment. In a supplement to the Asian Development Outlook (ADO) 2017, the multilateral development bank said this year’s growth outlook for […]
Read MoreINVESTOR confidence in Myanmar has drastically dropped this year due to the lack of clear economic policies and action plans as well as other drawbacks such as skills shortage and rising labour costs, according to the second Myanmar Business Survey conducted by Roland Berger, a global consultancy firm. Thomas Klotz, the firm’s managing partner for […]
Read MoreThe Asian Development Bank (ADB) forecasts that economic expansion in developing Asia will accelerate to 6 per cent in 2017 as stronger-than-expected exports and domestic consumption fuel growth. Excluding Asia’s newly industrialised economies, growth is now expected at 6.5 perr cent this year, according to a new ADB report. In a supplement to its Asian […]
Read MoreTHE dust-up between Singapore-based online shopping platform ezbuy.sg and the Alibaba Group’s Taobao marketplace has turned the spotlight to the role of intermediary merchants in e-commerce. Companies such as ezbuy – which purchase items on customers’ behalf and ship them here for a fee – took off by offering consumers a convenient way to shop […]
Read MoreForeign banks will be permitted by the Central Bank of Myanmar (CBM) to provide export financing services. The move, which aims to help local export businesses gain access to working capital, was announced Monday by the CBM and welcomed by the business community. “In the trading sector, the local banks are not able to provide […]
Read MoreTEMPO.CO, Jakarta – Secretary General of Indonesian Ulemas Council (MUI) Anwar Abba has called on the public to reduce the use of US dollars for international transactions to press US President Donald Trump to withdraw his policy recognizing Jerusalem as Israeli capital. “If Donald Trump does not pull himself away from the Jerusalem issue, we need to gradually […]
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Thailand
