Indonesia’s next year budget to focus on five sectors World

Indonesia’s next year budget to focus on five sectors

Indonesia’s House of Representative passed the 2020 state budget on September 24, focusing on five prioritised fields, to avoid an economic downturn amid a risk of recession in developed economies and a global trade war.
Vietnam’s economy remains resilient: ADB Business

Vietnam’s economy remains resilient: ADB

The Asian Development Bank (ADB) has predicted that Vietnam’s economy will maintain healthy growth in 2019 and 2020 at 6.8 percent and 6.7 percent, respectively, after growing robustly at 7.1 percent last year.
Philippines benefits from global trade tensions World

Philippines benefits from global trade tensions

The Philippines has gained from the trade war between the US and China, according to a review of export data of the country in the first seven months of 2019 by Maybank Kim Eng analysts.
Vietnam’s PMI falls to 51.4 in August Business

Vietnam’s PMI falls to 51.4 in August

Vietnam’s Manufacturing Purchasing Managers’ Index (PMI) posted 51.4 in August, remaining above the 50.0 no-change mark, but falling from 52.6 in July to signal a weaker overall improvement in business conditions.
ANZ expert optimistic about Vietnamese economy outlook Business

ANZ expert optimistic about Vietnamese economy outlook

The Vietnamese government’s commitment to broad-based economic reforms bodes well for the country’s longer term prospects and look to have it on the path to upper middle-income status, held Khoon Goh, head of Asia Research at Australia and New Zealand Banking Group Limited (ANZ).
Singapore to ban sale of elephant ivory from 2021 World

Singapore to ban sale of elephant ivory from 2021

The Singaporean government said on August 12 that it will impose a blanket ban on the domestic sale of elephant ivory and products from 2021 as a campaign against illegal wildlife trade is being tightened.
Singapore’s economic growth slowest in decade World

Singapore’s economic growth slowest in decade

Singapore's economy expanded by its slowest rate in a decade in the second quarter of this year, raising fear of a recession and monetary policy easing in October, according to a Reuters article.
Singapore’s economic growth likely to be weaker this year World

Singapore’s economic growth likely to be weaker this year

The Singapore economy is likely to end the year weaker than earlier expected in the context that the ongoing tension between the US and China has stalled three of the world’s growth engines — trade, manufacturing and investments, warned Monetary Authority of Singapore (MAS) Managing Director Ravi Menon on June 27.
Vietnam proactive in multilateral mechanisms Politics

Vietnam proactive in multilateral mechanisms

Prime Minister Nguyen Xuan Phuc’s attendance at the G20 Summit in Japan on June 28 - 29 aims to affirm the Party’s foreign policy of proactively participating in multilateral mechanisms.