'Also, a country like South Korea, which is part of the Asean+3
group, as well as the 16-member Regional Comprehensive Economic Partnership (RCEP), can definitely benefit from these partnerships,' Ong said.
Aicelle Santos proudly represented the Philippines as she bagged second place in the recent ASEAN+3
Song Contest in Quang Ninh, Vietnam.
The regional macroeconomic surveillance organization Asean+3
Macroeconomic and Research Office (Amro) also cut its 2019 and 2020 growth forecasts for the Philippines to 6.3 percent and 6.5 percent, respectively.
ISLAMABAD -- The Asian Development Bank (ADB) has approved a US $ 50 million additional capital contribution to support the guarantee operations of the Credit Guarantee Investment Facility (CGIF), a trust fund of ADB created to promote the development of deep and liquid local currency and regional bond markets in the ASEAN+3
ISLAMABAD -- The Asian Development Bank (ADB) has approved a $50 million additional capital contribution to support the guarantee operations of the Credit Guarantee Investment Facility (CGIF), a trust fund of ADB created to promote the development of deep and liquid local currency and regional bond markets in the ASEAN+3
THE weakness of the country's manufacturing and export sectors prompted the Asean+3
Macroeconomic Research Office (Amro) to cut its growth outlook for the Philippines.
In a report, the ASEAN+3
Macroeconomic Research Office, or AMRO, slashed its 2019 growth estimate for the Philippines to 6.3% from 6.
I believe exports and investment will recover along with the expenditure," he said during a press conference at the Meeting of Finance Ministers and Central Bank Governors of ASEAN, China, Japan and Korea (ASEAN+3
South Korea, China and Japan "recognise that the ASEAN+3
region continues to be a key driver of global economic growth and expect the ASEAN+3
region to remain steadfast, despite a more challenging global environment with trade frictions, softened external demand and tighter global financial conditions," the statement said.
'Clearly, Laos has now become a member of the World Trade Organisation, the Asean Economic Community and Asean+3
, and of course, it is believed that bringing benefits to the Lao economy and logistics has a direct connection with business operations as well,' he said.
ASEAN Finance Ministers made a decision in 2011 to set up the ASEAN+3
Marcoeconomic Research Office (AMRO) in Singapore (p.