The Hanoitimes – A recovery in consumer spending in Vietnam this year is in line with Fitch Solutions’ forecast that the country’s economy will grow by a real rate of 8.6% year-on-year over 2021 from 2.91% in the previous year. The growth rate of Vietnam’s household spending in 2021 is forecast at 7% year-on-year, marking a […]
Read MorePETALING JAYA: A double-digit growth in international freight services helped to lift Freight Management Holdings Bhd’s net profit by over 61% year-on-year (y-o-y) in the second quarter ended Dec 31,2020. The company told Bursa Malaysia that its net profit in the October-December 2020 period rose to RM6.65mil as compared to RM4.12mil a year earlier. Revenue increased […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) will likely keep rates on hold until next year as real interest rates in the country are already in negative territory, an international think tank said. In a new Asia Pacific research brief, UK-based Oxford Economics said that in countries like India and the Philippines, negative […]
Read MoreThe Hanoitimes – The subsidiary of the Vietnamese shrimp manufacturer, MSeafood, has not violated the US trade law. The US Customs and Border Protection (CBP) has canceled anti-dumping duties on the Vietnamese Minh Phu Seafood Corporation’s frozen shrimp for export to the US. The CBP under the Enforce and Protect Act (EAPA) concluded on October 13, […]
Read MoreThailand’s tourism recovery depends on the government’s ability to distribute vaccines widely to create herd immunity, says the government think tank. Danucha Pichayanan, secretary-general of the National Economic and Social Development Council (NESDC), said the government should formulate a better vaccine distribution plan focused on using human resources to inoculate people working in the tourism […]
Read MoreMANILA, Philippines — The Philippines ranked 96th out of 152 economies in the Business-to-Consumer (B2C) E-Commerce Index 2020 released by the UN Conference on Trade and Development (UNCTAD), lagging behind most of its neighbors in Southeast Asia in terms of readiness to support online shopping. Within Southeast Asia, the Philippines trailed behind Singapore which placed […]
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