HCM CITY — Foreign investors are getting access to various master plans and priority infrastructure projects and hearing directly from policymakers and authorities at the Infrastructure Vietnam Summit that opened on Thursday in HCM City. Held for the first time, the two-day event is focused on attracting foreign direct investment in the infrastructure and construction […]
Read MoreMost companies oppose the government’s plan to raise the minimum daily wage nationwide to Bt400 as it will hurt small and medium-sized enterprises (SMEs), according to the Thai Chamber of Commerce. Chamber chairman Kalin Sarasin said that from the chamber’s discussions with many business operators, it was found that most of them worry over the […]
Read MoreSINGAPORE’S industrial output fell 6.9 per cent in June, deepening from May’s 2 per cent fall and marking the fourth straight month of year-on-year decline, according to preliminary estimates from the Singapore Economic Development Board on Friday. June’s figure was a smaller decline than economists’ expectations of an 8.5 per cent fall. Excluding the volatile biomedical […]
Read MoreThe Bank of Thailand (BOT)’s latest measure to manage the inflow of foreign money should not affect long-term foreign investment in the country, BOT director of economic analysis Pornpen Sodsrichai said on Thursday. “Our latest measure to prevent baht speculation by reducing the limit on the outstanding balance of non-resident baht accounts (NRBA) and non-resident […]
Read MoreMANILA, Philippines — The International Monetary Fund (IMF) has lowered anew the gross domestic product (GDP) growth forecasts for the Philippines over the next two years primarily due to the disappointing performance in the first quarter. Yongzheng Yang, IMF’s resident representative to the Philippines, said the multilateral lending agency slashed its GDP growth forecasts to […]
Read MoreSINGAPORE: The US-China trade war is threatening to drag export-reliant Singapore into a recession and aggravating underlying risks facing the former tiger economy. Singapore’s economic data have gone from bad to worse this month. Exports slumped to their second-worst rate since the global financial crisis, the purchasing managers index slipped into contraction for the first […]
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