SINGAPORE: Singapore slashed its full-year economic growth forecast on Tuesday, as global conditions were seen worsening and final second quarter data showed the economy shrank 3.3% on the quarter. The government cut its forecast range for the city-state’s gross domestic product to zero to 1% from its previous estimate for 1.5%-2.5%. The second quarter’s 3.3% […]
Read MoreCambodia exported 167,285 tonnes of cashew nuts during the first seven months of the year, official figures show. For in depth analysis of Cambodian Business, visit Capital Cambodia In its latest report, the Ministry of Agriculture said that cashew nut exports have increased significantly since the government pledged to reach one million tonnes in shipments in […]
Read MoreThe Hanoitimes – Vinpearl Air plans to add six planes on average per year to its fleet to reach a total of 30 by 2024, including 21 narrow-body and 9 wide-body aircraft. Vingroup-backed Vinpearl Air is expected to start commercial operation by July next year with six narrow-body aircraft, said the newly-set up airline in a […]
Read MoreOnline marketplaces are expected to compete intensely the rest of the year amid the economic slowdown, with new campaigns and tools rolled out to attract both sellers and buyers. Lazada Thailand recently announced a plan to introduce its own online supermarket, called LazMart. The company decided to make Thailand its first market in Southeast Asia. […]
Read MoreSINGAPORE’S central bank will not move outside its usual schedule to change its monetary policy, chief economist Edward Robinson confirmed in a briefing early on Tuesday. Despite the latest downgrade to Singapore’s full-year economic forecast, Mr Robinson – who is also deputy managing director of economic policy at the Monetary Authority of Singapore (MAS) – […]
Read MoreMANILA, Philippines — Local raw sugar production slightly declined last month to 2.07 million metric tons, but still within the target set by the Sugar Regulatory Administration. While local sugar supply has met industry targets, it has not improved from year-ago levels. Sugar crop year starts every September and ends in August. Ending inventory stock […]
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