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Thailand: Modern trade remains jittery in Q2

Modern trade sentiment remained in the doldrums in the second quarter, as operators were still concerned about higher operation costs, the impact of political uncertainty, drought and the relatively low income of people living outside urban areas. Thanavath Phonvichai, vice-president of research at the University of the Thai Chamber of Commerce (UTCC), said despite growing […]

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Malaysia’s 2020 fiscal deficit target a ‘challenge’

KUALA LUMPUR: Malaysia will find it challenging to meet its 3% fiscal deficit target for next year due to uncertainties around the US-China trade war, the finance minister told Reuters in an interview. South-East Asia’s third-largest economy is dealing with a debt pile of over RM1 trillion (US$243.19bil), which the administration of Prime Minister Tun […]

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Philippines: Fiscal deficit narrows to P42.6 B in H1

MANILA, Philippines — The country’s budget deficit shrunk in the first six months due to lower government spending, according to the Bureau of the Treasury (BTr). According to the latest cash operations report of the BTr, the national government incurred a fiscal deficit of P42.6 billion from January to June, 77.9 percent lower than the […]

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