More cuts in the Bank of Thailand’s benchmark rate will be a more powerful option for stimulating the economy than the government’s 1,000-baht cash handout scheme, said an expert. The cash handout scheme will only help boost the economy in the short term, but won’t contribute much to annual gross domestic product (GDP), said Assoc […]
Read MoreCambodia and Vietnam last weekend signed several memorandums of understanding (MoUs), according to a joint statement issued by Cambodia’s Ministry of Foreign Affairs and International Cooperation on Saturday. The MoUs were signed during Prime Minister Hun Sen’s two-day visit to Vietnam on Friday and Saturday. Four of the MoUs were aimed at boosting bilateral investment […]
Read MoreMANILA, Philippines — Easing inflation, declining interest rates, as well as the expected recovery in public spending are seen to boost the country’s economic growth in the fourth quarter of the year, the Department of Finance (DOF) said over the weekend. In his latest economic bulletin, Finance Undersecretary and chief economist Gil Beltran said economic […]
Read MoreVietnam seems to be the consensus pick for winner of the US-China trade war, as Chinese and other manufacturers shift production to the cheaper South-East Asian nation. If there’s a loser, at least in terms of missed opportunities, it may be the countries of South Asia. To understand why, remember that the trade war has […]
Read MoreKUALA LUMPUR (Bernama) – Malaysia’s target gross domestic product (GDP) of RM3.4 trillion in the Shared Prosperity Vision 2030 (WKB 2030) was calculated based on nominal or current prices that take into account the effects of inflation, says the Economic Affairs Ministry. It is said to meet the target of RM3.4 trillion in 2030, the […]
Read MoreA ride-hailing service operating in Laos will be represented at the Mekong Innovation Startup in Tourism (Mist) meeting in Thailand this week. LOCA, a Lao start-up and a major player in the ride-hailing business in Laos, has been selected to represent Laos in the final pitching competition at Mist on October 8-9 in Bangkok. LOCA […]
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