KUALA LUMPUR: Warning of the possibility of a global economic recession next year, Affin Hwang Capital said Malaysia needs to implement immediate measures to cushion against the impact. The upcoming Budget 2020, its chief economist Alan Tan said, should be business-friendly and include short-term boosters to defend the country’s economy from external weaknesses. During a […]
Read MoreEfforts are being made to raise the rate of financial inclusion in the Myanmar. Under the Myanmar Financial Inclusion Roadmap for 2019 to 2023, authorities are working with the UN Capital Development Fund (UNCDF) to raise the percentage of the population covered by the financial sector to 60 percent from 48pc currently, said Willian Naing, […]
Read MoreNew business registration is likely to stay flat this year, as the country is weighed down by a strong baht and the US-China trade spat. Most investors are taking a wait-and-see approach about the new government’s economic policies before making any decisions, said Sorada Lertharpachit, deputy director-general of the Business Development Department. She said the […]
Read MoreGROWTH forecasts for several Asean markets have been lowered by the Asean+3 Macroeconomic Research Office (AMRO) in its July monthly update, on the back of continuing weakness in manufacturing and export figures. In its June update, AMRO lowered its baseline growth forecast for Asean+3 as a whole to 4.9 per cent in 2019 and 2020, […]
Read MorePETALING JAYA: The small and medium enterprises (SME) sector’s contribution to the country’s gross domestic product (GDP) is targeted to exceed 50% in 2030, says Entrepreneur Development Minister Datuk Seri Mohd Redzuan Yusof. “It is a tall order and a big challenge. I have said it many times that we need to focus on the […]
Read MoreMore than 30 new footwear and travel goods factories were opened in Cambodia during the first half of this year. This comes despite the Kingdom facing the possible withdrawal of the EU’s preferential Everything But Arms (EBA) agreement, the Garment Manufacturers Association in Cambodia (GMAC) said. During a Tuesday press conference for an industrial sector […]
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Thailand
