SINGAPORE firms’ payment performance has in the first quarter of 2020 hit its lowest since the third quarter of 2016, with the services and manufacturing sectors seeing the largest year-on-year (y-o-y) increases in slow payment, the Singapore Commercial Credit Bureau (SCCB) said on Monday. Prompt payments plunged 8.5 percentage points y-o-y to 43.20 per cent from 51.70 per […]
Read MoreThe Hanoitimes – A change in the epicenter of the pandemic from China to the US and Europe is causing greater impacts on Vietnam’s economy. Vietnam’s GDP in the second quarter is forecast to expand by 2% year-on-year, slowing down from a 3.82% expansion in the first quarter, or even fall into recession, according to a […]
Read MoreFree trade agreement (FTA) generates both winners and losers, and the formation of the Regional Comprehensive Economic Partnership (RCEP) is no exception. This column argues that tariff reduction under RCEP is likely to reduce ASEAN’s exports as it will erode trade preferences of ASEAN granted by existing FTA partners. RCEP is a regional agreement that aims to liberalize […]
Read MoreSouth Korean and Chinese stakeholders in Myanmar are urging the authorities to review the possibility of providing a stimulus package for foreign investors in the local garment industry at a time when the supply of raw materials has stalled and importers from the West have begun to cut orders from Myanmar’s factories. Myanmar’s manufacturing industry […]
Read MoreIndonesia’s loan growth fell to a more than 10-year low in February as a cooling economy due to the COVID-19 pandemic hit credit demand across business sectors. The country’s banking industry recorded a 5.93 percent loan growth in this year’s second month, the lowest expansion since November 2009, according to Financial Services Authority (OJK) data. The figure […]
Read MoreDon Mueang International Airport is expected to call bids for three contracts related to the renovation of its international passenger terminal this month, the airport’s director Flying Officer Sumpun Kutranon said recently. Of the Bt126 million earmarked for the project, Bt99 million will be spent on a new, improved air-conditioning system, Bt18 million on new […]
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Thailand
