UAE becomes 1st Arab country to sign free trade pact with South Korea
During the summit, the leaders also "confirmed the outcomes of the UAE's commitment of a $30 billion investment through sovereign wealth funds," thereby strengthening public…
Economic Affairs
Thailand’s economic gurus slash GDP estimates after underwhelming Q1 growth
Economic analysts adjusted down their projection of Thailand’s growth this year, saying the economy is still vulnerable due to rising household debts and a weak manufacturing…
Vietnam saw 7.6 mln foreign visitors in the first five months
Chinese tourists were in the highest numbers hitting the top spot in May, the first time this has happened in five years. Air travel accounted for 83.7 per cent of arrivals (6.3…
South Korean biz leaders meet with UAE president
In the meeting, lasting about an hour, large companies that have already forged partnerships with the UAE discussed additional collaboration measures in the first session. The…
No budget for new vaccines vs ‘FLiRT’ variant: Philippine Health Department
The Department has no budget under the 2024 appropriations law to acquire updated COVID-19 vaccines considered more effective against the Flirt variants, an official said, noting…
Warm winter pushes down this year’s litchi output, leading to a price hike
Chen Houbin, a chief scientist with the National Litchi Longan Industrial Technology System, said the predicted output of litchi across the country this year will be 1.78 million…
Singapore, Tokyo, Bangkok among top Asian cities for foreign workers: BCG Global Talent report
London ranks first (9%) as the most popular city for highly skilled foreign workers to relocate to, followed by Amsterdam (8%) and Dubai (7%). Abu Dhabi and New York ranked fourth…
More stimulus measures needed to tackle Thai economic growth
The PM said the low capacity utilisation rate of the industrial sector of only 57.2% needs to be addressed, as it affects employment and consumption.
Big prospects for Silicon Island off Penang’s southern coast
The Penang infrastructure and transport committee chairman said the project would also generate RM1.1 trillion in gross domestic product (GDP) and attract RM74.7bil in investments.
Johor poised to become digital economy hub
Johor is set to emerge as one of the key players in the digital economy in the region with investments by data centre providers in the state, says a state exco member.