MANILA, Philippines — The Philippines will likely miss its growth targets for this year and the next after the economy underperformed in the second quarter and as external headwinds bite, the International Monetary Fund reported Wednesday. In its new “World Economic Outlook” report, the Washington-based global lender said it expects the Philippine economy to grow 5.7% […]
Read MoreA recent study showed that most businesses in Thailand are in the hands of a few companies, which is causing a huge inequality of income and wealth, and the only way out is to promote market competition and reduce monopoly. Krislert Samphantharak Krislert Samphantharak, director and secretary of the Puay Ungphakorn Institute for Economic Research […]
Read MoreEVEN though South-east Asia remains underserved, solutions that are “copy and paste” from developed markets would not work well here, ride-hailing giant Grab’s co-founder Tan Hooi Ling said. “Everybody thought that they could copy and paste solutions from these more developed markets, pop them into South-east Asia and it would work well for our customers […]
Read MoreSome 36% of Thailand’s corporate equity is concentrated in the hands of just 500 people, highlighting wealth inequality in the country, according to a study released by the Bank of Thailand’s research institute. Each of these 500 on average amasses 3.1 billion baht ($102 million) in company profits annually, according to the report from the […]
Read MoreThe Cambodian government has recently called for efforts to improve the country’s infrastructure, including the revision and actioning of plans to push ahead with the Phnom Penh-Bavet expressway project, a move expected to boost business, investments, and trade with Vietnam. The efforts were called for by Prime Minister Hun Sen during his speech at the […]
Read MoreReal estate developers in Myanmar are expecting a boost in the number of property transactions in fiscal 2019-20, which they hope will help jumpstart the local property market. One reason demand will rise is as a result of a reduction in tax rates on previously undeclared income, which is expected to encourage those who have […]
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Thailand
