PUBLIC spending is unlikely to reverse an economic downturn in Indonesia, although it ought to cushion the blow, according to a new report by Citi economist Helmi Arman. While economic weakness is expected to persist into 2020, political leaders will probably cut spending only selectively, “and may even push to boost spending”, he wrote, although […]
Read MoreThailand ranked second globally in terms of transactions using Alipay during “Golden Week” this year, reflecting the popularity of the mobile payment provider among Chinese tourists here. Alipay, the world’s largest mobile payment and lifestyle platform, operated by Ant Financial Services Group, announced on Wednesday a summary of overseas transactions by mainland Chinese during “Golden […]
Read MoreThe Hanoitimes – The Oil and Gas sector has been at the leading edge of change in every industrial revolution to date. From Blockchain to AI to IoT, digital technology is changing the face of industries as diverse as healthcare, construction and energy, with huge potential to deliver more efficient and sustainable outcomes. Industry 4.0 – […]
Read MoreKUALA LUMPUR: Standard Chartered Global Research projects a 2020 fiscal deficit of 3.2% of gross domestic product, above the government’s target to narrow the deficit to 3% from 3.4% in 2019. Citing a weaker growth outlook, it added that this should not come as a surprise as the government has hinted at a more gradual […]
Read MoreSINGAPORE (REUTERS) – Thailand and Philippine companies are leading a regional pick-up in initial public offerings (IPOs), spurred by growing investor interest in firms focused on South-east Asian consumers. Singapore still leads on overall IPOs in South-east Asia in 2019, but it has achieved this mainly through offerings of real estate and business trusts. Asset […]
Read More[BANGKOK] Thailand’s economy is not experiencing recession, but is growing slowly and below potential, central bank chief Veerathai Santiprabhob told reporters and analysts on Thursday, adding that the country also faced structural issues. Last month, the central bank cut its 2019 economic growth forecast to 2.8 per cent from 3.3 per cent, as exports weakened […]
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