ADB cuts Southeast Asia growth forecast World

ADB cuts Southeast Asia growth forecast

The Asian Development Bank (ADB) has revised down its forecast on economic growth in Southeast Asia to 4.5 percent compared with a previous forecast of 4.8 percent and from last year's 5.1 percent pace.
Indonesia reduces rates again due to low growth World

Indonesia reduces rates again due to low growth

Indonesia’s central bank (BI) slashed interest rates on September 19 for the third month in a row as Southeast Asia's biggest economy is affected by the US-China trade war and slow global growth.
Vietnam’s textile export value up almost 7 pct in eight months Business

Vietnam’s textile export value up almost 7 pct in eight months

The Vietnam Textile and Apparel Association (VITAS) said the total export value of textiles, fiber, and cloth reached 25.7 billion USD in the first eight months of the year, up 8.6 percent year on year, including 60.6 percent from foreign direct investment (FDI) enterprises.
Trade wars, speculation to hurt stocks Business

Trade wars, speculation to hurt stocks

The market sentiment will remain lateral in September weighed down by global economic and political tensions while trading quiet amid speculations of Q3 corporate earnings.