MANILA, Philippines — The country’s manufacturing sector showed improvement in August as it grew at a faster pace, but high prices, supply chain disruptions and rising interest rates pose challenges to growth. In its report released yesterday, S&P Global Market Intelligence said the Philippines’ manufacturing purchasing managers’ index (PMI) improved to 51.2 in August from […]
Read MoreThe average annual income of overseas Vietnamese workers is VND200 million and guest workers send $10 billion a year to relatives in Vietnam. However, labor quality remains problematic. A recent interview with former Israeli Prime Minister Ehud Barak left deep impressions on me. When asked what he would advise Vietnam to do to develop rapidly […]
Read MoreVIENTIANE:The Laos-China high-speed railway is expected to fulfil Laos’ ambition of becoming a major regional land link offering greater connectivity and better access to trade opportunities. Also known as the Vientiane-Boten railway, the 422km electrified railway is part of China’s Belt and Road Initiative. It runs between the Lao capital of Vientiane and Boten town in […]
Read MoreThe baht opened at 36.78 to the US dollar on Friday, weakening from Thursday’s close of 36.71. The currency is expected to move between 36.60 and 36.90 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. The currency is expected to move between 36.60 and 36.90 during the day, Krungthai Bank market strategist Poon […]
Read MoreJAKARTA: Indonesia’s inflation rate eased more than expected in August, official data showed on Thursday, but economists said the rate is set to accelerate and more interest rate increases are likely amid expectation of a fuel price hike. President Joko Widodo has been considering raising subsidised fuel prices to curb ballooning energy subsidies amid high […]
Read MorePRIVATE-SECTOR economists have again dialed down their expectations for the Singapore economy, according to a quarterly survey of professional forecasters by the Republic’s central bank on Thursday (Sep 1). They are now expecting full-year gross domestic product (GDP) to grow 3.5 per cent, slightly worse than the 3.8 per cent projection they made in June. The […]
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Thailand
