VIENTIANE (Vientiane Times) – Laos needs about 46,500 billion kip of investment or 27 per cent of Gross Domestic Product (GDP) for development in 2020 to ensure the country’s steady economic growth. Of this amount, 4,750 billion kip, or 10.2 per cent of the total, will be taken from the domestic budget, Deputy Prime Minister […]
Read MoreThe Hanoitimes – Such trend would help better meet transportation needs at more affordable prices, ensuring convenience, safety and improving service quality of both taxis and electronic-contract based vehicles, stated Prime Minister Nguyen Xuan Phuc. The rise of ride-hailing firms at the expense of traditional taxis in Vietnam’s transportation market is inevitable and seen as a […]
Read MoreUnion Bank of the Philippines’s fintech subsidiary UBX has become the first Philippine partners for the Monetary Authority of Singapore (MAS) Business Sans Borders (BSB) project. The partnership allows UBX’s SME platform, Sentro, to be integrated in the BSB system, enabling SMEs from both markets to discover cross-border business opportunities said UBX in a release […]
Read MoreDarren Lee, Regional Director (Manila) of Enterprise Singapore, sheds some light on doing business in the Philippines. 1. What are some of the latest developments in the Philippines right now? In Q1 2018, the Philippines reported a GDP growth of 6.8%. The latest growth rates show that the country has enjoyed 6 consecutive years of […]
Read MoreThe slowdown in economic growth in the third quarter has prompted government think tank National Economic and Social Development Council (NESDC) to cut its 2019 GDP forecast again to 2.6% — from an earlier projection of 2.7%-3.2%. The lower projection was attributed to the country’s poor export prospects in light of the slowing global economy, […]
Read MoreMANILA, Philippines —The International Monetary Fund (IMF) has retained its economic growth forecast for the Philippines this year and expects it to pick up in 2020 on higher government spending as well as policy easing by the Bangko Sentral ng Pilipinas (BSP). IMF mission chief Thomas Helbling said in a press conference that the country’s […]
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Thailand
