MANILA, Philippines — Economic growth may continue to slow down and settle below five percent next year, if Congress once again fails to approve the proposed 2020 budget on time, according to the National Economic and Development Authority (NEDA). Responding to a question by House minority leader Bienvenido Abante during a hearing with the House […]
Read MoreThailand’s automotive industry expects cloudy sentiment the next few months as it suffers from myriad negative factors like restricted auto loan approvals from banks and an intense trade war between the US and China, says the Federation of Thai Industries. The FTI’s automotive industry club reported yesterday that car sales in July contracted 1.1% to […]
Read MoreThe Bank of Thailand is still concerned the baht’s gain relative to trading partners’ currencies could affect the economy to a larger degree amid intensifying trade tensions, according to minutes of the rate-setting committee meeting on Aug 7. The committee believes financial markets will remain highly uncertain going forward because of various factors including prolonged […]
Read MoreIndonesia unexpectedly cut interest rates for a second straight month to spur an economy facing increasing risks from a global slowdown and intensifying trade war. Indonesia unexpectedly cut interest rates for a second straight month to spur an economy facing increasing risks from a global slowdown and intensifying trade war. Bank Indonesia lowered its seven-day reverse […]
Read MoreEconomic ministers are planning a “relocation package” to attract foreign companies looking to move their factories because of global trade tensions, officials said on Thursday. The Thai economy, Southeast Asia’s second-largest, grew at its weakest pace in nearly five years in the second quarter, on declining exports and soft investment. The relocation package will be discussed […]
Read MoreThe Hanoitimes – The survey on “Overseas candidates: Expectation and challenges when working in Vietnam” was carried out on overseas respondents from different continents and working positions. As many as 60% of foreign respondents, who are working in Vietnam experience culture shock regarding “social value system” due to the lack of preparation through special training courses […]
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