Political instability threatens Phl economy — think tank MANILA, Philippines — Growth in emerging Asia – especially in developed countries which are major export markets of the Philippines – is expected to remain weak over a 10-year period because of slowing productivity and shrinking working age population, said London-based Capital Economics. In a research brief, […]
Read MoreThe World Bank Board of Executive Directors on Wednesday approved a $194.36 million credit plan to help four secondary cities in Vietnam build critically-needed municipal infrastructure and strengthen urban planning. The Dynamic Cities Integrated Development Project aims to increase access to improved urban services in Ky Anh in Ha Tinh province, Tinh Gia in Thanh […]
Read MoreMANILA, Philippines — The local sugar industry reiterated its opposition to a proposal calling for the liberalization of sugar imports, saying prices remained stable. The Confederation of Sugar Producers said mill gate sugar prices have not increased drastically in the past months. Food processors and manufacturers are reviving calls to relax sugar imports. The Philippine […]
Read MoreCar sales growth is likely to slow in the second half as the local market sees fewer model launches to attract buyers and the political picture remains opaque to car makers, says the automotive industry club of the Federation of Thai Industries (FTI). Surapong Paisitpatanapong, the club’s spokesman, said May car sales grew at a slower […]
Read MorePETALING JAYA: Approved foreign direct investment (FDI) for all sectors skyrocketed in the first quarter of 2019, rising 73.4% to RM29.3bil. This compares to the RM16.9bil in approved FDI recorded during the same period last year, the Finance Ministry said. The investments recorded in the first quarter are expected to create over 41,200 jobs for […]
Read MoreDespite a strong fiscal position and low external vulnerability constituting credit strengths amid recurring political uncertainty, Thailand’s ageing society, moderate competitiveness and labour shortages will weigh on economic growth and public finances over time, says Moody’s Investors Service. “Absent materially higher migration, population ageing will weigh significantly on growth potential,” Moody’s said in a report. “Moreover, […]
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