The government cut its estimate for economic growth this year to 2.5-3.5% after Thailand suffered its worst slump in more than two decades in 2020 due to the shock from the Covid-19 pandemic. The government had previously forecast growth 3.5-4.5% for this year, and the downward revision comes despite latest data showing the economy shrank less […]
Read MoreTHE Ministry of Trade and Industry (MTI) is maintaining Singapore’s gross domestic product (GDP) growth forecast at 4 to 6 per cent for 2021. For 2020 as a whole, the Singapore economy contracted by 5.4 per cent, a reversal from the 1.3 per cent growth recorded in 2019. In its report released on Monday, MTI’s […]
Read MoreBrunei Darussalam is the third highest ranked country in Southeast Asia in the digital inclusiveness index, scoring high for affordability, accessibility, ability and attitude, according to global consultancy Roland Berger’s Digital Inclusion Index 2020. Singapore took the top spot, while the second-highest ranked country on the index was Malaysia (21st), followed by Brunei and Thailand […]
Read MoreThe Hanoitimes – Covid-19 accelerates deals activity for digital and technology assets in a highly competitive market. While the market has adopted a cautious approach so far, Vietnam’s M&A activity is in a strong position for recovery as the country started 2021 with a positive economic outlook. Ong Tiong Hooi, Partner of Transaction Services, PwC Vietnam […]
Read MoreIn changes to bank secrecy law MANILA, Philippines — Philippine banks want a “safe harbor” provision in the proposed amendments to the country’s bank secrecy law to shield industry players from possible civil liability in connection with any deposit examination by the central bank. In a position paper submitted to the Committee on Banks and […]
Read MorePETALING JAYA: The travel bubble between Malaysia and Indonesia would not have significant impact on the aviation sector as strict travel conditions may limit passenger traffic. It was reported that Malaysia has been given the green light by Indonesia over a Reciprocal Green Lane/Travel Corridor Arrangement (RGL/TCA) travel bubble between both nations. A bank-backed research […]
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Thailand
