MANILA, Philippines – The government incurred a budget deficit of P353.4 billion in 2016, widening by almost three-fold, or 190 percent, from the P121.7 billion shortfall recorded in 2015 amid the Duterte administrations efforts to ramp up public spending on infrastructure, the Bureau of the Treasury reported yesterday. “The outturns reflect strong expenditure growth of […]
Read MoreKUALA LUMPUR (Reuters) – Malaysia’s central bank kept its key rate unchanged yesterday as expected, and expressed optimism that the better growth momentum seen in late 2016 can be sustained through this year. Most economists predicted the key rate will remain at 3 percent the rest of this year, especially if United States rates rise, […]
Read MoreThe government needs to urgently amend its industrial development policy to spur the inclusive growth of small- and medium-size enterprises (SMEs) and develop a national logistics platform to cut onerous shipping costs if Cambodia is to find a place in global value chains, panellists at a macroeconomic conference said yesterday. Speaking at yesterday’s 2017 Outlook […]
Read MoreA strong and robust banking sector is vital for developing a national economy. However, businesses in Myanmar are still facing difficulty getting help and support from banks. High bank interest rates and using collateral for loans have put businesses in a difficult position. Union Minister for Ministry of Planning and Finance U Kyaw Win said […]
Read MoreFive leading manufacturers have reached an agreement with the government to make and supply 48 consumer items at low cost. The products will be 15-20% cheaper than those being sold now. Cheaply priced consumer goods under the Thong Fah (Blue Flag) Pracha Rat scheme will be made available first via 5,500 small retail outlets and […]
Read MoreThailand continued to lag behind India in terms of rice exports in January due to long holidays during the month. Charoen Laothamatas, president of the Thai Rice Exporters Association, said Thai rice shipments totalled 823,401 tonnes worth 12.3 billion baht (US$346 million) in January, down 19.7% by volume and 20.7% by value year-on-year, he said. When […]
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