Singapore’s manufacturing industry sees its factory output expand by 7.6% in November despite previous forecast of 4.2% and dismal global electronics market.
The central bank of Thailand, Bank of Thailand, has increased its key interest rate for the first time since 2011 by 0.25 percentage points from 1.5% to 1.75%.
Based on a study by Google and Temasek Holdings, ASEAN is forecasted to have its digital economy reach $240 billion by 2025 due to strong growth in all sectors.
Thailand’s economic growth falls in Q3 as Thailand tourism and exports drops. But, political campaign spendings are expected to temporarily boost the economy.
The US-China trade war are causing companies to move their production sites to Southeast Asia, allowing ASEAN to see a higher inflow of foreign direct investment.
Vietnam aims to reduce rice export to Asia from 60% to 50% of total rice exports and increase its rice exports to Africa (25%) and the Americas (10%) by 2030.
The 2018-19 National Planning Bill projects the telecom industry in Myanmar to grow by 15 percent in the next fiscal year (October 1, '18 to September 30, '19).
With e commerce spending in ASEAN predicted to rise by 32% to almost US$90 billion in 2025, it is imperative for member states to understand ecommerce in Asia.
Indonesia currency has recently dropped to IDR 14,700 on August 31 as a result of external factors like the Argentinian crisis and the US-China trade war.
SME in Malaysia grew from 5.2% in 2016 to 7.2% in 2017 (RM435.1 billion) for all main economic sectors including manufacturing, services, and agriculture.
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