The Hanoitimes – Such comparison suggests that the development of the banking sector may have been too rapid compared to the size of the economy. Vietnam has the highest credit-to-GDP ratio among the lower middle-income countries and is at par with some of the OECD countries, according to the World Bank. These comparisons suggest that the […]
Read MoreVIENTIANE (Vientiane Times/ANN) – The government will focus on encouraging Lao travellers to holiday within the country next year to boost domestic tourism in line with the national socio-economic development plan. On top of this, the government expects to attract about 4.7 million international visitors in 2020 and generate revenue of more than USD900 million. […]
Read MoreMyanmar’s economy is growing steadily but held back by uncertainty ahead of next year’s general elections and weaker private demand, according to the International Monetary Fund. IMF economists carrying out annual Article IV consultations in Myanmar reiterated warnings made last April that “risks are tilted to the downside” and cited concerns over fallout from the […]
Read MoreThe US car rental giant Hertz has entered the Cambodian market via a partnership with City Link Transportation (Cambodia). A report in TTG Asia this week said Hertz Asia has named City Link Transportation (Cambodia) as its franchise partner. City Link Transportation (Cambodia) is among the leading transportation and car rental companies in the Kingdom. […]
Read MoreTide turns against top-ranked Asian currency as growth slows After clocking an 8% rise this year, Asia’s best-performing currency is losing momentum as easing US-China trade tensions damp its appeal as a haven. Falling yields on local bonds and equity outflows are adding to the pressure. The baht has defied the broad weakness in regional […]
Read MoreMANILA, Philippines — The government’s fiscal deficit widened in November as the government showed a strong double digit growth in spending, the Bureau of the Treasury (BTr) reported yesterday. According to the latest cash operations report of the Treasury, the national government incurred a budget deficit of P60.9 billion in November, 55.64 percent higher than […]
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Thailand
