SINGAPORE’S full-year economic forecast could be cut again, amid market fears of a looming recession, as second-quarter flash data out on Friday showed a much deeper slowdown than had been feared. In the latest whammy to predictions, year-on-year gross domestic product (GDP) growth looks set to ease to a flattish 0.1 per cent in the second […]
Read MoreHeads of state-owned China Energy Engineering Corporation or Energy China (CEEC) Wang Jianping, Alpha King Real Estate Development JSC Wang Weixian, Ping An Insurance Company Song Chengli, China Jiangxi Corporation for International Economic and Technical Cooperation (CJIC) Xu Guojian, and Jiangxi Construction Engineering (Group) Co., Ltd Zhang Minfeng expressed their hope at a meeting with […]
Read MoreMANILA, Philippines — Local car assemblers finally snapped a cumulative sales decline as total sales in the first six months rose 1.46 percent from a year ago, signaling improving demand particularly for commercial vehicles. A joint report of the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association Inc. (TMA) released […]
Read MoreThe partnership between Siam Commercial Bank (SCB) and Indonesian unicorn startup Go-Jek will heat up competition in ride hailing and delivery in Thailand and provide opportunities for the bank to acquire more customers. SCB’s investment in the ride-hailing app Go-Jek is in line with the bank’s inorganic growth strategy and digital banking expansion. Go-Jek is […]
Read MoreCambodia is set to import about 50,000 tonnes of salt to supply domestic demand this year, as its production accounted for only 30 per cent, according to the Salt Producers Community of Kampot-Kep (SPCKK). This will be the second consecutive year of salt shortages and the third year overall since the Kingdom first imported salt […]
Read MoreThe private sectors of Asean nations are preparing organic standards to reduce production costs and improve supply chain management. Vitoon Panyakul, chairman of the Asean Organic Federation, said yesterday that the group, representing six major organic-producing countries, will today introduce the organic standards at Biofach Southeast Asia 2019 and Natural Expo Southeast Asia 2019. The […]
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