Asia Economy

NNA Asia top stories Friday, March 22

22, Mar. 2019

TOKYO, NNA – The following are the top stories from NNA Asia for Friday, March 22.

Japanese machinery maker Okuma opens technical center in Jinan, its 3rd in China after Shanghai and Guangzhou, to enhance sales and customer service

Mitsubishi Tanabe Pharma sets up sales subsidiary in Malaysia and office in Vietnam

Japan Overseas Infrastructure Investment to inject about 1.7 billion yen ($15.3 million) into Myanmar's Thilawa port bulk terminal operations run by Mitsubishi Corp and Kamigumi

Malaysian automaker Proton to build assembly plant in Pakistan, 1st production base in South Asia: official agency Bernama

Vietnamese ride-hailing app provider FastGo to enter Singapore in April, 2nd overseas market after Myanmar

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The International Monetary Fund's board of executive directors discuss findings on economic developments and policies of a country and then make recommendations in a report. (Photo: IMF)

Singapore’s recovery on track, GDP may hit 6 percent, says IMF

Singapore Economy

14 DAYS AGO

The extraordinary developments of the 2020 pandemic highlight the need to have a comprehensive and concerted policy to prevent widening inequality and help overall progress in the world of work. (Photo: ILO)

ILO urges APAC states to diversify, grow sustainable inclusive economies

1 MONTH AGO

A full moon illuminating the night sky on June 24, 2021, in Kuala Lumpur, the capital of Malaysia where the pandemic has continued to rage on. Foreign investment is likely to increase in Southeast Asia, but much will depend on how well countries contain the new wave of infections. (Photo courtesy of Wendy Graham)

Foreign investment in Asia to grow 5-10%, uptick likely for SE Asia

1 MONTH AGO

The Asian Development Bank (ADB) believes the Asia and the Pacific region can emerge stronger from the pandemic by focusing on key areas like climate action, green and digital infrastructure, regional cooperation and domestic resource mobilization. (Photo: ADB)

ADB Ventures' $1 billion investment to support Asean sustainable growth too

Southeast Asia Economy

2 MONTHS AGO

Thailand’s strategic areas for the BCG growth model are based on its economic foundation and strengths in food and agriculture; medical and wellness; energy, material, biochemicals; tourism and creative economy. (Photo: Thailand Government)

Thailand to grow BCG economy for better gains in key sectors

Thailand Economy

2 MONTHS AGO

People look for transport to take them back to their hometown during a lockdown in Kolkata in the eastern state of West Bengal on May 16, 2021. (Photo: PTI)

Second pandemic wave threatens India industries, foreign trade

2 MONTHS AGO

An independent, non-profit association, Empea brings together more than 300 firms such as institutional investors, fund managers, and industry advisors. Its newly established Singapore office also follows the recent addition of two regionally based board of director members and reflects the organization's growing membership base in Southeast Asia. (Photo courtesy of Empea)

EMPEA opens Asia HQ in Singapore to serve member-investors

Singapore Economy

4 MONTHS AGO

Economist Sung Eun Jung of Oxford Economics foresees Singapore's gross exports growing 6.1 percent in 2021, up from 3.1 percent in 2020, and adding 8.2 percentage points to GDP growth this year. (Photo courtesy of Sung Eun Jung)

Export turnaround bodes well for Singapore recovery, says Oxford Economics

Singapore Economy

4 MONTHS AGO

Despite the pandemic, Capella Bangkok hotel opened its doors in 2020 and offered staycation packages to residents in Thailand. Facing the Chao Phraya river, the luxury hotel of suites and villas with a pool, offers curated experiences from heritage food tour of the local area of Charoenkrung Road to visits to long-thriving communities by bicycle and boat apart from luxury offerings of limousine transfer and champagne in package deals. (Photo courtesy of Capella Bangkok)

Thailand supports businesses with $11 bil. more, expects millions of tourists to return

Thailand Economy

4 MONTHS AGO

Employees of the Allahabad Bank, a public sector bank, stage a protest against the government plan to privatize state banks in the northern Indian city of Patna on March 15, 2021. The incident is part of a two-day nation-wide protests by public sector employees in the banking sector and their unions. (Photo courtesy of PTI)

India's $24 bil. divestment plan which offers investment galore runs into opposition

5 MONTHS AGO

Innolux Corp. president James Yang (middle) seen here with company officials at the firm’s earnings briefing on March 3, 2021. It will expand capacity in Taiwan for advanced laptops and gaming panels while moving television set production back from China. (Photo courtesy of Central News Agency)

Investments in Taiwan hits decade high, reshoring boosts GDP even as firms expand in SE Asia

5 MONTHS AGO

Singapore's high-rise residential buildings are seen beyond the fringe of Tanjong Pagar area in the financial district. Investments for the region are often funneled through Singapore, the financial capital of Southeast Asia. (NNA)

Trade agreements could help SE Asia attract big foreign investment again, lead recovery

Southeast Asia Economy

5 MONTHS AGO

India's Finance Minister Nirmala Sitharaman delivering her budget statement to parliament on Feb. 1, 2021. India will boost healthcare spending by 135 percent and lift caps on foreigners investing in its huge insurance market. (Photo courtesy of PTI)

India ramps up public spending, but views divided over amount for recovery

6 MONTHS AGO

On Feb. 3, 2021, Chan Chun Sing, Singapore's Minister for Trade and Industry (3rd from left), launched the SMA alliance to promote a network of industrial parks to manufacturers interested in investing in Singapore and the region. Joining the minister at the launch were, from left, Kelvin Teo, Sembcorp Development CEO; Png Cheong Boon, CEO of Enterprise Singapore; Manohar Khiatani, senior executive director of CapitaLand Group and chairman of Nusajaya Tech Park; Beh Swan Gin, chairman of Singapore Economic Development Board; Eugene Park, executive director and CEO of Gallant Venture. (Photo by Singapore Economic Development Board)

New alliance of industrial parks to help global manufacturers expand in Southeast Asia

Singapore Economy

6 MONTHS AGO

A street food stall in Bangkok offers affordably priced delights. The government has also been giving monetary aids to Thais whose livelihoods are hit by the economic crisis brought about by the pandemic.(NNA)

Thailand allocating $7 billion more for consumer spending, help businesses

Thailand Economy

6 MONTHS AGO

Video meeting with colleagues while working from home has become a norm in Malaysia and other countries because of the pandemic. Global sales of laptops, workstations and other devices have seen robust growth in 2020. (Photo by Chris Montgomery)

Malaysia extends tax relief on tech purchases, accelerating digitalization

Malaysia Economy

6 MONTHS AGO

Commodities Intelligence Centre (CIC), a B2B e-trade platform for physical commodities, too part in the World LNG & Gas Series Asia Pacific Summit in 2019. The platform plans to develop winning commodities from member-countries of RCEP trade bloc and promote digital trading across the Asia Pacific and beyond. (Photo courtesy of CIC)

Over $13 billion worth of commodities traded on CIC, to grow winning products with RCEP

Singapore Economy

8 MONTHS AGO

Image by 41330 from Pixabay

Thailand rebates fuel retail spending, may inject 110 billion baht into economy

Thailand Economy

8 MONTHS AGO

Singapore's Changi Business Park, which houses global banking, tech and logistics companies employing international talent, is a thriving hub that boosts the country's position as a regional center for the digital economy. Photo by Celine Chen.

Digital collaborations, RCEP free trade to help power ASEAN economy beyond pandemic

Southeast Asia Economy

9 MONTHS AGO

People walking in the busy street of Quiapo Manila (Photo by Kristine Wook on Unsplash)

Smaller contractions for Southeast Asia bolster hope for earlier recovery

Philippines Economy

9 MONTHS AGO

Photo by Arron Choi on Unsplash

Weaker Philippine consumer confidence to dampen Christmas spending

Philippines Economy

9 MONTHS AGO

Manila North Cemetery is the biggest in metro manila with a land size of 54 hectares. Aside from the millions dead bodies buried here, it is also home to thousands of residents.

Grave problems for small businesses as Philippines bans holiday visits to cemeteries

Philippines Economy

9 MONTHS AGO

Eiji Hisatomi, managing director of JETRO Singapore, said Japanese companies will be able to do business more easily if the skills of Asean workers are improved. This picture shows a promotional event for an online store, one of the activities of JETRO in Singapore. In May this year, JETRO launched a digital transformation platform with Asean-based start-ups to help accelerate the digital transformation of Japanese enterprises in the region. Photo by Celine Chen.

Japan, U.S. support Singapore's future work centre that prepares Asean workforce for new opportunities

Singapore Economy

10 MONTHS AGO

Firms from the United States were the most active foreign investors in India. The size of their acquisitions doubled to $16.6 billion from a year ago. (Photo Courtesy of Pixabay)

Mergers and acquisitions in India fell to 3-year low in first 9 months

10 MONTHS AGO

A file photo showing workers at the Japanese firm Daikin India's factory at Neemrana in the northern Indian state of Rajasthan. (Photo courtesy of Daikin Airconditioning India Pvt. Ltd)

Japanese businesses in India shrink first time in 11 years

10 MONTHS AGO

Finance secretary Carlos Dominguez (L) and JICA chief representative Eigo Azukizawa (R) during the signing of the Post-Disaster Standby Loan 2 on Sept.15, 2020, in Manila. (Photo courtesy of Philippine Department of Finance)

Japan lends 50 billion yen to Philippines for disaster, health crisis response

Philippines Economy

11 MONTHS AGO

Sangley Airport, a former U.S. naval base, is being utilized since February 2020 for general aviation operations. (Photo courtesy of Philippine Department of Transportation)

Philippines won't stop infrastructure projects with Chinese involvement despite US blacklisting

Philippines Economy

11 MONTHS AGO