The Hanoitimes – High-growth firms in emerging economies, including Vietnam, account for more than 50% of all new jobs and sales despite making up less than 20% of all firms in manufacturing and services. Vietnam’s policy makers should encourage the establishment of more highly-performing firms, which are the engine of jobs and output growth, to boost […]
Read MoreMANILA, Philippines — Budget Secretary Benjamin Diokno yesterday assuaged fears that the country may fall into a “debt trap” as he assured the public that the government is “very careful” in dealing with China’s loan offers. The budget chief made the statement following US Vice President Mike Pence’s warning against China’s “debt diplomacy” during his speech at […]
Read MorePETALING JAYA: Fitch Solutions Macro Research has cut its growth forecast for Malaysia for 2018 and 2019, following a weaker-than-expected performance in the third quarter of the year. The unit of rating agency Fitch Group now expects Malaysia’s gross domestic product (GDP) in 2018 to grow at 4.6%, compared with its previous forecast of 5.1%. […]
Read MoreThe Council of Ministers on Monday approved the draft national policy on ecotourism. It will be sent to the national assembly this week before it is turned into law, said Council of Ministers spokesman Phay Siphan. Siphan said while Cambodia’s ecotourism sector is showing higher potential to attract tourists, the policy would help to protect […]
Read MoreTHE EXPLOSIVE growth of tourism industry has been a boon for the Thai economy. Representing about one-fifth of the economy, exports of services have been growing at the compound annual rate of 10.6 per cent since 2012, three times the GDP growth rate in the same period. As a result, tourism has contributed more than […]
Read MoreGLOBAL trade woes may send some business Singapore’s way, but uncertainty is still weighing down companies’ near-term outlook. This is the take-away from the latest Business Times-Singapore University of Social Sciences (BT-SUSS) Business Climate Survey, which polled 157 firms from Sept 18 to Oct 17. Companies reported weaker business performance in the third quarter, and […]
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Thailand
