Southeast Asian nations have updated their economic growth in the second quarter of 2017 with encouraging figures, despite the impact of rising US trade protectionism, higher US interest rates.
Building under construction in Manila, the Philippines (Photo: AFP/VNA)
Hanoi (VNA) – Southeast Asian nations have updated their economic growth in thesecond quarter of 2017 with encouraging figures, despite the impact of risingUS trade protectionism, higher US interest rates, and an expected slowdown inChina's economy.
The Philippineeconomy grew 6.5 percent in the period thanks to its effective public spendingon infrastructure projects and good recovery of local agriculture. Thecountry’s GDP inched up 0.1 percentage point compared to the figure in thefirst quarter.
The Philippineeconomy is on track to meet its 2017 growth target of 7.5 percent, said SocioeconomicPlanning Secretary Ernesto Pernia.
Malaysia’seconomy, meanwhile, expanded 5.8 percent year-on-year in the second quarter of2017, the highest level in the past two years and above market expectations of5.4 percent. Experts attributed the growth to factors such as strong domesticdemand and improved export, and moderated inflation.
The Malaysianeconomy is expected to expand by 4.8 percent this year.
Thailand’sgrowth hit 3.7 percent in the second quarter, a peak in over the past fouryears. Major contributors of the outcome were strong exports, fast-growthtourism and appreciation of the local currency.
Some expertsforecast Thailand’s economy to grow 4 percent in 2017.-VNA
Well-designed, sustainable and resilient infrastructure will enhance economic growth, boost productivity and provide significant positive flow-on effectives, heard a meeting of the APEC Committee on Trade and Investment (CTI) in Ho Chi Minh City on August 19.
Indonesia’s central bank (Bank Indonesia) on August 22 unexpectedly cut its policy interest rate to 4.5 percent from 4.75 percent as the Southeast Asia’s biggest economy is seeking to boost economic growth.
Thailand’s gross domestic product (GDP) increased 3.7 percent year-on-year in the second quarter of 2017, reported the National Economic and Social Development Board.
ASEAN must deepen collaboration through platforms such as the ASEAN Senior Officials Meeting on Transnational Crime (SOMTC) to ensure regional responses keep pace with the rapidly evolving cyber threat landscape.
Speaking at the launch of the Indonesia Economic Prospects June 2025 edition on June 23 in Jakarta, Turk noted that Indonesia’s gross domestic product (GDP) expanded 4.9% in the first quarter of 2025 compared to the same period last year.
Anti-dumping duties will continue to be imposed on producers from China and Japan while those on relevant exporters from the RoK and Vietnam will be terminated, starting from June 23.
A specialist police unit has acquired a fleet of off-road vehicles to help officers navigate rough, unpaved terrain – and flood waters – to respond more quickly to public security incidents.
The pact covers goods, services, investments, intellectual property rights, customs facilitation, competition policy, sanitary and phytosanitary, trade and sustainable development, government procurement and economic cooperation.
The talent programmes mark another milestone in the technical partnership between PETRONAS and the Energy Institute, which focuses on three pillars: promoting decarbonisation and operational excellence through innovative solutions, enabling informed decision-making with expert advice, and nurturing the next generation of energy professionals.
The firefighters found an active blaze at the lorry depot located in the city of Pasir Gudang near the state capital of Johor Bahru, with flames spreading quickly due to strong winds and igniting a neighboring disused oil storage area.
Investigators believe the operation is part of a broader scam network involving romance scams, where victims are lured into fake relationships and persuaded to transfer money.
Ambassadors, Consuls General, along with staff and their families, joined traditional sports and cultural activities of Southeast Asia and performances bearing regional identity, thus contributing to strengthening unity and the ASEAN community spirit in New York.
In his post on social media the same day, Hun Manet said energy companies would be able to import sufficiently from other sources to meet domestic fuel and gas demands in the country.
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Building under construction in Manila, the Philippines (Photo: AFP/VNA) 
