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Singapore: Services growth picks up pace in Q2 at 1.7% y-o-y, manufacturing leads at 8%

GROWTH in Singapore’s services sector picked up pace, according to advance estimates of second-quarter performance, while manufacturing continued to lead overall economic expansion, though at a slower pace. Advance estimates released by the city-state’s Ministry of Trade and Industry on Friday morning showed that the services sector – which accounts for a major proportion of […]

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Cambodia, Myanmar cooperation

Cambodia and Myanmar have agreed to further enhance trade between the two countries by encouraging investment from small and medium enterprises and exchanging agricultural products, according to the Ministry of Foreign Affairs and International Cooperation. “Trade between Cambodia and Myanmar can be strengthened through investments by SMEs,” stated a ministry press release on Wednesday at the conclusion of […]

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WB forecasts Vietnam’s GDP growth of 6.3%

The World Bank (WB) on Thursday released its bi-annual report on Vietnam’s economy, keeping its country GDP forecast at 6.3 per cent this year following an economic boost in the second quarter. After a disappointing performance in the first quarter, Vietnam’s economy kicked on in the ensuing three months, with an estimated GDP of 5.7 […]

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Lao workers to get special aid

The Labour Ministry will open a centre to ensure the legal status of Lao workers who can prove their identity, while Lao authorities have promised to help illegal workers wanting to return home to acquire passports so they can be legally re-employed in Thailand.  Thai and Lao authorities discussed ways to solve the undocumented workforce problem […]

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