Private-sector economists are expecting the Singapore economy to contract 6 per cent this year, a slight downgrade from their earlier forecast of a 5.8 per cent decline following a worse-than-expected slump in the second quarter.
Cambodian Prime Minister Samdech Techo Hun Sen has said that strengthening globalisation and multilateral trade are crucial to supporting global economic growth and reducing poverty.
Speaking at the 23rd Meeting of ASEAN Economic Ministers - ASEAN Investment Area Council (AEM - AIA23) held online on August 25th, 2020, Minister of Planning and Investment Nguyen Chi Dzung affirmed that ASEAN would be a safe, attractive and profitable investment destination for investors with its best efforts to reform.
The Indonesian Government is upbeat about its economic growth target of 4.5 - 5.5 percent in 2021, Finance Minister Sri Mylyani Indrawati said.
The Brunei economy recovered in 2019 and the recovery is expected to continue this year amid a sharp slowdown in the global economy, according to the 2019 Annual Consultation Report on Brunei Darussalam published on Monday (Aug 31) by the Asean+3 Macroeconomic Research Office (AMRO).
Thailand’s exporters are being urged to make the best use of existing free trade agreements (FTAs) to boost shipments of medical supplies, particularly for syringes and medical needles, as the COVID-19 pandemic has driven import demand for such products.
Last month, ministers from the UK and ASEAN held their first joint Economic Dialogue. It produced commitments to boost trade, create new digital partnerships and focus on building sustainable infrastructure.
The economy of Thailand improved in July thanks to public spending and an easing of coronavirus containment measures, according to the Bank of Thailand (BoT).
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
