JAKARTA : Indonesia’s exports likely stayed elevated in September, supported by high commodity prices, but the resource-rich country’s trade surplus was seen narrowing due to rising imports, a Reuters poll showed on Wednesday. Southeast Asia’s largest economy booked its all-time biggest trade surplus in August of US$4.7 billion, with exports also at a record high […]
Read MoreThe central bank would continue to keep the policy rates unchanged until the end of the year. Vietnam credit growth as of October 7 expanded by 7.42% against late 2020, higher than the 5.48% rate recorded in the same period of last year. Vice Governor of the State Bank of Vietnam (SBV) Dao Minh Tu […]
Read MoreThe Council for the Development of Cambodia (CDC) approved 134 investment projects in the first three quarters of this year, a 28 percent decrease compared with the same period last year. The approved investment projects were valued a total of $3.3 billion, a year-on-year decrease of 48 percent. Of the projects, 101 are located outside […]
Read MoreThe Tourism Authority of Thailand (TAT) aims to establish a private digital company in the next six months to support its digital transformation and help in generating 2.4 trillion baht from high-spending travellers by 2023. TAT governor Yuthasak Supasorn said the authority would be limited to a 40% share of the new company so it […]
Read MoreHigher FDI commitments have been driven by increasing capital flow into manufacturing. FDI commitment increased by 26.1% month-on-month in September, a strong recovery amid the crisis, indicating foreign investors’ continued confidence in Vietnam’s economy in the longer term, according to the World Bank’s latest report. Higher FDI commitments were driven by increasing capital flow into […]
Read MoreVietnam’s GDP growth forecast for this year has been lowered to 2-2.5 percent, according to the World Bank’s October 2021 Vietnam Macro Monitoring. Vietnam’s GDP in the third quarter of 2021 decreased by 6.2 percent from the same period last year, the sharpest decline since Vietnam announced its quarterly GDP, the WB estimated. Given the […]
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