Thailand aims to become ASEAN data centre hub by 2027
Thailand’s Board of Investment announced that the kingdom had 13 data centres as of 2023, with an estimated market value of US$ 2.2 billion, which is expected to grow to $2.8…
Economic Affairs
Fish production in the Philippines down 60-80% amid West Philippine Sea issue, overfishing
In line with this, China built an artificial island and is routinely harassing Philippine fisherfolk and government vessels operating inside the Philippine exclusive economic…
Ageing population to affect Asia-Pacific labour markets
Despite the fact that the unemployment rate in the region remains below pre-pandemic levels, the employment-to-population ratio is on a long-term decline.
China’s growth to stay ‘resilient’ at 5%: IMF
First-quarter data, policy measures lead to 0.4% rise over IMF's April economic outlook
Global economy is “cautiously optimistic” amid political risks: WEF Chief economists
Asian economies, meanwhile, are foreseen to have “buoyant” activities, with 100% of respondents expecting moderate or stronger growth in the remainder of 2024.
President Jokowi, Economic Minister affirms Indonesia’s commitment to OECD accession
Subsequently, the government will establish a Project Management Office to support the National Team toward this goal.
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…
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…