PRIVATE-SECTOR economists have bumped up the forecast for Singapore’s 2019 growth by a hair’s breadth, even as they tweaked their hopes of a bright new year, a poll showed on Wednesday. Watchers now tip the gross domestic product (GDP) to expand by 0.7 per cent year on year, up from the 0.6 per cent growth that […]
Read MoreINDONESIA’S sales of cooling equipment – refrigeration and air conditioning (AC) – is expected to grow rapidly from 2018 to 2030, at 5.1 per cent annually, only second to India’s annual growth rate of 5.6 per cent, according to a report conducted by the Economist Intelligence Unit (EIU) across six countries. Indonesia’s annual cooling sales […]
Read MoreMALAYSIA is considering selling stakes in energy giant Petronas to provinces where the company’s oil and gas fields are, Prime Minister Mahathir Mohamad said on Tuesday, in a bid to raise funds for the debt-laden government. Such a move may also give states such as Sarawak and Sabah a say in the running of Petronas, […]
Read MoreThe Hanoitimes – Most companies did not achieved the growth target for the January – September period. Even though the fourth quarter is the peak season for construction activities, the fact that negative growth in revenues of major construction companies means that the construction market is still struggling to find a path to sustainable growth, according […]
Read MorePoipet PP Special Economic Zone (Poipet PPSEZ) yesterday announced it is officially beginning operations. Poipet PPSEZ – located about eight kilometres east of Poipet City in Banteay Meanchey province on the border with Thailand – is owned by Phnom Penh SEZ Plc and boasts access to the border crossing. Also yesterday, Sumitronics Manufacturing (Cambodia) Co […]
Read MoreSINGAPORE: Hotel deals in Singapore are set for a record amid a surge in tourist arrivals buoyed by people wanting to avoid the protests in Hong Kong. Hospitality transaction volumes were an unprecedented S$5.7 billion ($4.2 billion) as of Nov. 30, according to preliminary figures from Colliers International Group Inc., about five times 2018 and […]
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