Thailand and Asean should be particularly resilient during the next recession because of integration and strong fiscal policy, says Yuwa Hedrick-Wong, global economist at Mastercard. “Thailand is extremely well-positioned for integration across Asean. The country is clearly poised to become a regional hub in terms of services,” he said. Despite potential economic turmoil caused by […]
Read MoreChinese factory activity slowed in October, official data showed on Wednesday, adding to a growing list of bad news for the Asian giant as it struggles to maintain economic momentum in the face of US tariffs and a weakening yuan. The Purchasing Managers’ Index (PMI), a key gauge of factory conditions, came in at 50.2 […]
Read MoreHONG KONG: Manufacturing gauges for some of Asia’s most export-driven economies slipped into negative territory in October, highlighting the spillover effect from the U.S.-China trade war. The contractions follow evidence of a broad-based slowdown in China that has prompted the government to promise new measures to stoke growth. In the latest sign that trade war […]
Read MoreTHAILAND’S Energy Minister Siri Jirapongphan has asked the Department of Alternative Energy Development and Efficiency (DEDE) to conduct a study to revise the target for energy use under Asean Ministers on Energy Meetings (AMEM) after Asean countries reached the exisiting target sooner than planned in 2021. Siri said that a committee will study the new […]
Read MoreTOKYO/YANGON/HANOI — Minimum wages in Southeast Asia are rising sharply as governments strive to please their publics, but the trend could slow foreign investment as the region loses its edge as a low-cost production hub. In Cambodia, where the textile industry accounts for 60% of exports, Japanese wig maker Artnature sold a factory last year to a Hong […]
Read MoreSingapore is one of the Southeast Asian countries aiming to be a leader and business centre in artificial intelligence (AI) in line with its industrial transformation policy. The so-called Industry 4.0 revolution has been taking place in Asia-Pacific nations, including Thailand, providing significant opportunities for AI development. “Industry 4.0 is upon us. Robotics, artificial intelligence and additive […]
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