THE ASEAN+3 Macroeconomic Research Office (AMRO) has revised downward its Philippine economic growth forecast for 2020 to 6.5% from its previous outlook of 6.6% in May, according to the July Monthly Update of the ASEAN+3 Regional Economic Outlook released on Tuesday that showed the 2019 projection retained at the 6.3% pencilled in June but down from 6.4% in May.
The country has courted foreign money for initiatives such as micro loans and investments.
A workshop focusing on benefits brought by digital platforms, especially contributions by Grab to Indonesia’s economic development, was held by the Centre Centre for Strategic and International Studies (CSIS) and the Tenggara Strategics in Jakarta on July 23.
PM Prayut Chan-o-cha will unveil his new government’s policy statement in Parliament when it sits formally on Thursday.
In the years before the current trade war, China and the developing countries in Asia enjoyed sparkling growth rates as a result of the region’s intertwined free trade and special economic zones and relatively cheap labour.
Commerce ministers of 16 countries including India and Japan which are negotiating the mega free trade agreement RCEP will hold a crucial meeting in Beijing next month to iron out differences and push the negotiations forward, an official said
Trade between China and the Association of Southeast Asian Nations (ASEAN) has great potential in growth to boost world economy, which faces challenges and uncertainties, said Wichai Kinchong Choi, senior vice president of Thailand's Kasikorn Bank.
Thailand hosted the 34th Asean Summit on June 23 under the theme of “Advancing Partnership for Sustainability”. As the Asean chair, it was anxious to ensure that member-states forge closer ties on the basis of regional unity.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
