ADB optimistic about Vietnam's economic prospect despite slowdown Business

ADB optimistic about Vietnam's economic prospect despite slowdown

The ADB has revised down Vietnam's 2021 GDP growth forecast from 6.7 percent to 3.8 percent due to a resurgence of the COVID-19 pandemic that has tightened the labour market, lowered industrial output, and disrupted agricultural value chains, according to a report released by the bank on September 22. ​
Thailand to adjust 20-year national strategy World

Thailand to adjust 20-year national strategy

The National Economic and Social Development Council (NESDC) of Thailand has been ordered to revise the 20-year national strategy (2018-2037) and the 12th national economic and social development plan (2017-2021) to catch up with changing social and economic trends caused by the global economic slowdown and the COVID-19 pandemic.
Philippines eyes more borrowings due to COVID-19 World

Philippines eyes more borrowings due to COVID-19

The Philippine government is planning to borrow more from domestic and foreign markets to finance the budget deficit this year, due to the economic slowdown triggered by the COVID-19 outbreak.
Hanoi looks to boost eco-agriculture tourism Business

Hanoi looks to boost eco-agriculture tourism

Flowers and ornamental trees grown in Hong Van commune, Hanoi's Thuong Tin district, have become not only farming products but also tourism ones. Farms, roads and houses in the suburban area are also destinations for visitors.
Singaporean central bank eases monetary policy World

Singaporean central bank eases monetary policy

Singapore on October 14 decided to ease monetary policy for the first time in more than three years as the national economy has narrowly avoided recession in the third quarter of 2019.
ASEAN likely to benefit from US-China trade war World

ASEAN likely to benefit from US-China trade war

A trade war waged by the US is likely to deliver a further blow to China’s economy in 2019, but the Association of Southeast Asian Nations (ASEAN) may benefit from the dispute between the world’s two biggest economies, according to Japan’s Kyodo News.