BLOGS



Philippine economy is projected to expand up to 7% due to strong government spending, lower inflation rate and more. WB forecasts Philippines GDP at 6.4% in 2019.
Singapore economy finds its manufacturing sector contract by 0.4 points to 49.9 points (PMI index), the first contraction after 2.5 years of manufacturing growth.
Vietnam economy is expected to exceed Singapore’s in 10 years time. In fact, Vietnam grew by 7.1% last year, the fastest growth rate among ASEAN countries.
Malaysia economy expands above the forecasted growth rate for Q1 2019 at 4.5%. Malaysia is also likely to regain its Asian Tiger status by 2021 as it grows steadily.
Myanmar economy is expected to rebound to 6.5% despite slow growth last year. Reasons for slow growth include weak export demand and a fragile banking sector.
There are two major challenges that ASEAN face which prevents the region to fully integrate economically — custom cooperation and financial infrastructure.
BoT predicts Thailand GDP at 3.9% due to strong domestic demand and poor exports. There are four key factors Thailand should keep in mind to drive economic growth.
Indonesia’s export declines by 11.33% in February due to global economic slowdown and US-China trade war. Other Asian economies also experience export decline.
Vietnamese companies need strong branding to ensure competitiveness in the market as high brand awareness drives exports and revenue and protects the company.
Singapore SMEs should enter the digital economy to boost the Singapore economy. To do so, the government must first strengthen the country’s digital defense.
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