Singapore’s trade minister said on Wednesday he was hopeful that an Asia-wide trade pact, which is backed by China and excludes the United States, could be sealed by the end of the year. On a visit to Washington, Trade and Industry Minister Chan Chun Sing said that a clearer picture would emerge on the Regional Comprehensive Economic Partnership(RCEP) […]
Read MoreMalaysian employees can expect to receive higher salary increments and sustained benefits this year, according to a report released on March 7 at an event in Kuala Lumpur. Even with the concern of the shortage of job skills, employers are remaining positive about the growth of their businesses. 72 per cent of employers surveyed said […]
Read MoreIndonesia has said it is now reviewing negotiations over the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) in response to a recent European Union proposal to put a cap on palm oil-based biofuels. “We are reviewing [the IEU-CEPA] comprehensively,” Trade Ministry international trade negotiation head Iman Pambagyo said on Wednesday as quoted by kontan.co.id. Indonesian and EU delegates […]
Read MoreMANILA, Philippines — The Philippines is among the countries in Asia Pacific that is least exposed to a fall in Chinese demand arising from the trade war between the US and China, according to Moody’s Investors Service. In a report, the debt watcher said the Philippines may post a softer decline in gross domestic product […]
Read MoreThe Bank of Thailand is less optimistic about the country’s economic outlook, trimming its 2019 growth forecast to 3.8% from 4% amid sluggish export demand and keeping the policy rate unchanged as widely expected. The seven-member Monetary Policy Committee (MPC) voted unanimously on Wednesday to maintain the policy rate at 1.75% for a second straight meeting […]
Read MoreThe use of the riel in the Cambodian economy is set to see a significant increase as more use it for large transactions, but its market share remains dwarfed by the dollar, according to a survey by the National Bank of Cambodia (NBC) and the Japan International Cooperation Agency (Jica). While riel use is set […]
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