With its relatively good economic growth in the first quarter driven by surging manufacturing and processing activities and strong control of COVID-19, Vietnam has earned more praise from high-profile international organisations that are expected to revise up the country’s growth outlook this year. Despite difficulties, the local logistics industry is still on the rise in […]
Read MoreMANILA, Philippines — Recent improvements in merchandise trade and manufacturing conditions indicate the first signs of economic recovery although it remains in a precarious position, according to the Department of Finance (DOF). Data from the Philippine Statistics Authority (PSA) showed merchandise trade regained lost ground, even if only marginally in February after imports, which are […]
Read MoreGold trading in Thailand has been livelier when compared to global markets, YLG Bullion and Futures (YLG) said on Monday. Tipa Nawawattanasub, YLGs’ chief executive officer, said Thai investors had started buying back gold as it gained positive sentiment from a drop in global market prices and the strengthening of the baht, which brought the […]
Read MoreGovernment agencies are requested to finalize plans to simplify and remove cumbersome business regulations via consulting with enterprises and associations before May 30. The Vietnamese government would set up an e-portal to seek opinions from the business community regarding obsolete laws and regulations that are considered barriers for their operation. The move was revealed in […]
Read MoreThe Bank of Thailand (BoT) is likely to slash its economic growth outlook for this year and next year as the country struggles with a rapidly spreading third wave of Covid-19 infections. The new outbreak, driven in part by the highly transmissible B.1.1.7 variant, has caused over 26,000 cases and 46 deaths in just 25 […]
Read MoreIt is becoming obvious that the global economy, especially in some of the richer nations, is recovering. Recent indicators such as retail sales, industrial production, purchasing managers’ indices and labour market indicators, show good signs of revival. Indeed, the International Monetary Fund this month revised upward its forecast for world economic expansion to 6.0% — […]
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