MANILA, Philippines — The country’s trade deficit narrowed to $2.41 billion in August, as exports rose modestly and imports continued to decline, the Philippine Statistics Authority (PSA) reported yesterday. Total external trade in goods in August reached $14.91 billion, down by seven percent from $16.03 billion in the same month last year. Exports rose by […]
Read MoreHO CHI MINH CITY/HANOI: A new front has opened in the U.S.-China trade war as companies shifting manufacturing to Vietnam engage in a fierce battle for skilled labour, aggravating an existing shortage and prompting calls for education reforms to address the problem. Vietnam has emerged as one of the largest beneficiaries of the trade spat […]
Read MoreThailand’s GDP growth is expected to be below 3% this year and next, with flagging exports, shrinking farm income and lower Chinese tourist arrivals the main drags on growth momentum, the World Bank says. The global lender is the latest organisation to lower its 2019 economic growth forecast for Thailand after recent downgrades by the […]
Read MoreYang Ming Marine Transportation Co, the largest Taiwan-based global shipping logistics services company, will soon service the China-Vietnam-Cambodia (CVK) shipping route. A company press release announced that the CVK service will commence in less than two weeks following a route composed of the following cities (in order of arrival): Ningbo, Shanghai, Xiamen, Da Nang, Ho […]
Read MoreMANILA, Philippines — The World Bank has downgraded its 2019 growth forecast for the Philippines to 5.8 percent, taking into account the weak and uncertain external environment and the slowdown in public investments in the first semester. In its Philippines Economic Update, the multilateral bank has downgraded its 2019 growth forecast for the Philippines from […]
Read MorePUBLIC spending is unlikely to reverse an economic downturn in Indonesia, although it ought to cushion the blow, according to a new report by Citi economist Helmi Arman. While economic weakness is expected to persist into 2020, political leaders will probably cut spending only selectively, “and may even push to boost spending”, he wrote, although […]
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