Growth in the CLMV (Cambodia, Laos, Myanmar, Vietnam) bloc will likely moderate to 6-7 per cent in 2020 as headwinds from prolonged trade uncertainties and growth deceleration in major economies affect economic prospects through slowing exports and tourist arrivals, according to Siam Commercial Bank’s Economic Intelligence Centre. However, adaptive regional production will partially benefit the […]
Read MoreTHE coming year is expected to bring a modest economic recovery for Singapore, with trade tensions between the United States and China posing the main risk, say economists. Manufacturing woes in 2019 were due to trade tensions, high base effects from 2018, and a slowdown in the global electronics cycle. The latter two, at least, […]
Read MorePETALING JAYA (Bernama) – About 74 per cent of business leaders in Malaysia are “cautiously proactive” of their company’s prospects next year. This is despite external concerns such as the United States (US)-China trade war, Brexit and rapid diffusion of new technologies, according to a survey by Monash Malaysia R&D Sdn Bhd (MMR&D). MMR&D chief […]
Read MoreNew payment technologies such as PromptPay have had a profound effect in reducing operating costs for businesses and spurring the growth of e-commerce in recent years. Yet the bigger impact is in how companies are using instant payments to improve their customer experience, said Patrick O’Neill, Citi’s Thailand country head for treasury and trade solutions. […]
Read MoreSINGAPORE’S non-oil exports continued to contract in November as a result of shrinking electronic exports, which outpaced the growth of other exports like gold and non-electric engines and motors. Non-oil domestic exports (NODX) fell 5.9 per cent year on year in November, extending October’s 12.5 per cent fall, according to data released by Enterprise Singapore […]
Read MoreThe Hanoitimes – Both the EU and Vietnam have huge potential for cooperation in various fields, including politics, security, economy, culture, and peace-keeping activities. Vietnam is one of the most dynamic and fastest growing economies in Asia, said EU High Representative for Foreign Affairs and Security Policy and Vice President of the European Commission Josep Borrell. […]
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