SINGAPORE’S economy in the second quarter posted a 14.3 per cent year-on-year rebound due to the low base from last year when the Republic was in a “circuit breaker”, according to advance estimates from the Ministry of Trade and Industry (MTI) on Wednesday. The Republic’s gross domestic product (GDP) fell a record 13.3 per cent in […]
Read MoreKUALA LUMPUR: Malaysia’s industrial production remained strong in May 2021 but the robust growth may not be sustainable, according to AmBank Research. It noted that the Industrial Production Index (IPI) growth slowed down during the month with a smaller increase of 26% year-on-year (y-o-y) compared with the 50.1% y-o-y growth seen in April. “The performance […]
Read MoreThe Sihanoukville Autonomous Port saw revenue rise 14 percent in the first half of the year from the same period in 2020, to more than $44 million. The volume of goods was up nearly 5 percent to more than 3.5 million tonnes. Imports rose more than 5 percent to 2.6 million tonnes. Exports rose 4 […]
Read MoreCommercial banks have agreed to slash the lending interest rate in order to help businesses and people overcome the difficulties caused by the Covid-19 crisis. The Vietnam Banks Association (VNBA) on July 12 had a meeting with credit institutions to discuss the method and time to implement the interest rate cut for existing loans in […]
Read MoreMANILA, Philippines — More debt watchers are expected to revise their economic outlook for the Philippines from stable to negative, paving the way for a possible downgrade of the country’s credit rating before the end of the year. However, government economic managers are convinced that the drag caused by the COVID-19 crisis is only transitory […]
Read MoreThough exports remain strong, several sectors face difficulties due to the COVID-19 pandemic and require support from the Government if they are to sustain the growth, experts said. Vietnam is benefiting from the disruption of global supply chains, and manufacturers are seeking to diversify supply, including from Vietnam. Global demand is recovering and this is an […]
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Thailand
