Philippines calls on ASEAN to enhance economic integration World

Philippines calls on ASEAN to enhance economic integration

Philippine President Rodrigo Duterte called on the 10-member Association of Southeast Asian Nations (ASEAN) to enhance economic integration to counter protectionism and global trade tensions while addressing the 35th ASEAN Summit in Bangkok, Thailand, on November 3.
Forex rate forecast to remain stable till year-end Business

Forex rate forecast to remain stable till year-end

The Vietnamese dong was expected to remain broadly stable against the US dollar over the remainder of 2019 and to be slightly weaker on average over 2020, buoyed by robust foreign direct investment (FDI) inflows, dollar purchases by businesses, and a healthy foreign reserve position, experts forecast.
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.