The Hanoitimes – Uncertainties surrounding global trade activities, especially the escalating trade tensions between the US and China and the FED`s decision of hiking interest rates are putting pressure on Vietnam`s macro-economic management. Vietnam still maintains high economic growth rate of 6.88% in the third quarter and 6.98% in the first nine months of 2018, however, […]
Read MoreThe Finance Ministry announced on Wednesday that the state budget deficit declined in September to Rp 200.23 trillion (US$13.2 billion), equivalent to 1.35 percent of gross domestic product (GDP). “The deficit realization was lower than the deficit in the same period last year, both in terms of its [actual] figure and in its percentage of GDP,” the ministry said in a statement. The […]
Read MoreSingapore electronic payments provider Nets is in talks with Tencent Holdings’ WeChat Pay to allow users of its NetsPaydigital wallet to make mobile payments in mainland China, according to people familiar with the discussions. The partnership will allow NetsPay users to scan QR codes in stores accepting WeChatPay on the mainland and settle purchases in Singapore dollars, said the people, who declined […]
Read MoreMANILA, Philippines — Philippine transport regulators have approved an across-the-board increase in bus fares, adding to budget woes of Filipinos who are in retreat as rising prices squeeze households. The Land Transportation Franchising and Regulatory Board, or LTFRB, granted Thursday morning a provisional P1 hike in bus fares for the first five kilometres. Bus commuters […]
Read MoreMINOR International (MINT) has entered into a joint venture agreement with Vietnam Investments Group (VI Group) to operate as the master franchisee of The Coffee Club brand in Vietnam. Under the partnership, the joint venture’s initial plan is to open 100 outlets of The Coffee Club over the next five years. Minor International did not […]
Read MoreThe government plans to exempt visitors from visa-on-arrival fees during November and December as it strives to salvage falling tourist numbers, especially from China. The initiative floated by Deputy Prime Minister Somkid Jatusripitak aims to reassure Chinese tourists, whose numbers have declined since the Phuket boat tragedy in July. Yuthasak Supasorn, governor of the Tourism […]
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Thailand
