STANDARD & Poor’s economists have trimmed their growth outlook for the Asia-Pacific, with regional economies expected to cool by between 0.1 and 0.2 points in the next three years. While some watchers are banking on supply chain diversion into South-east Asia amid a US-China trade war, the team of Singapore-based economists warned that “short-term spillovers […]
Read MoreSingapore has a significant role to play in the success of The Association of Southeast Asian Nations (ASEAN) economic community. As Chair in 2018, the city-state made significant in-roads in negotiating and promoting free trade. It also strengthened regional economic cooperation and integration, which is key for ASEAN to realise its full potential. Singapore has […]
Read MoreThe Hanoitimes – there remains large potential for the future growth of Vietnam’s retail market, given by the country’s large population with rising income and improved living standards. The competition in the Vietnamese retail market is continuously heating up as both domestic and foreign retailers are boosting expansion plans, while some distribution networks have even been […]
Read MoreThe Hanoitimes – Investment money outflow is the main reasons why central banks of emerging markets and developing economies generally raised interest rates in 2018. Amid rising global economic and monteray policies uncertainties, the State Bank of Vietnam (SBV) is likely to hike interest rates to support the Vietnam dong (VND) in 2019, according to Vietnam […]
Read MoreThe Hanoitimes – Vietnam is becoming more dependent on foreign-invested enterprises while the weighting of the domestic sector has reduced. Vietnam’s economy is forecast to expand between 6.84% and 7.02% in 2019, above the government’s growth target of 6.6-6.8% set for the year, driven by manufacturing and rising disposable income, amid a potential global slowdown, a […]
Read MoreThe Thai currency has declined 0.3% to 32.672 against the dollar this year as of 1.11pm, the best performance among 22 major developing-economy currencies tracked by Bloomberg. A current-account surplus and ample foreign-exchange reserves helped offset headwinds from the Federal Reserve’s tightening path and escalating trade tension between the United States and China. Thailand has posted current-account […]
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