(KPL) The Lao People’s Democratic Republic’s economic growth is expected to moderate in 2018, as agriculture and mining outputs are forecast to underperform, although an expansion in electricity generation, construction and service will partially offset these adverse effects, has said Asian Development Bank’s report. “In an update of its flagship annual economic publication, Asian Development […]
Read MoreThe Hanoitimes – Manufacturing remained the driving force of the economy with the increase rate of 12.65%, contributing 2.56 percentage points to the overall growth. Vietnam posted year-on-year GDP growth of 6.98% in the first nine months of 2018, the best first-nine-month performance since 2011, the General Statistics Office (GSO) said on September 28. Specifically, GDP […]
Read MoreSingapore-based ride-hailing firm Grab is in talks to sell “a decent-sized stake” in its Thai business to Thailand’s largest retailer, Central Group, people with direct knowledge of the matter told Reuters on Thursday. The size is yet to be determined though discussions have been ongoing for some time, said one of the people, who declined […]
Read MorePETALING JAYA: While Malaysian banks are generally strong enough to withstand any potential shocks, they still need to be cautious on the risks of asset deterioration. According to analysts, banks in the country remain exposed to a potential increase in gross impaired loans (GIL) and credit costs that could weigh on their earnings growth. CIMB Research, for one, has projected that the industry’s GIL would […]
Read MoreSome 80 businessmen from Cambodia and Indonesia gathered at a trade fair in Phnom Penh on Wednesday to forge partnerships and explore ways to boost bilateral trade. “It’s very important for us to see the future. We should be clear on the many ways we can cooperate in the short and medium terms,” said Indonesian […]
Read MoreMANILA, Philippines (Update 2, 6:32 p.m.) — As widely expected, the Bangko Sentral ng Pilipinas on Thursday raised anew its benchmark rates by another 50 basis points to tame inflation, which monetary authorities expect to soar above official target for two straight years. The latest round of monetary policy tightening brings the central bank’s policy rate to 4.5 […]
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Thailand
