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Low-cost int’l flights take off in Indonesia amid soaring domestic fares

The number of low-cost carrier (LCC) international flights departing from Indonesia’s Soekarno-Hatta International Airport has risen, signalling a thriving climate for overseas travel. State-owned airport operator PT Angkasa Pura II has recorded a rise in low-cost carrier (LCC) international flights departing from Soekarno-Hatta International Airport in Tangerang, Banten, since January, signalling a thriving climate for […]

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Thailand: Manufacturing output decreases in August

Thailand’s manufacturing production index (MPI) in August fell 4.4% year-on-year to 100.58 points, suffering from a bearish Thai economy and a resurgent US-China trade war, says the Office of Industrial Economics (OIE). The MPI in August dropped the fourth month in a row. As expected, the OIE cut the 2019 MPI outlook to stay flat […]

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Philippines: Economy seen to expand by 7% to 8%

Potential growth in next 3 years, says Diokno MANILA, Philippines — The country’s economic growth potential is projected to rise even further in the next three years as the economy has been transformed into one of the most resilient economies in the region and the world by a long list of structural reforms, according to […]

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Grab unveils programmes to bridge tech skills gap

Grab, Southeast Asia’s leading ride-hailing app, on Tuesday announced its ‘Grab for Good’ initiative, which aims to help Southeast Asians master the skills they need to thrive in the digital economy. Grab for Good – a partnership of the ride-hailing firm with governments in the region as well as with members of the private and […]

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Thailand: Avoiding the middle-income trap

Slowing growth across emerging markets is placing some key nations at greater risk of becoming caught in the middle-income trap, which reflects stagnating gains in GDP per capita that effectively delay their convergence with higher-income economies. South Africa, Brazil, Argentina and Thailand are at particular risk of getting caught in the middle-income trap, despite being […]

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