MANILA, Philippines — The debt payments of the national government surged by 172 percent to P83.81 billion in June from P30.76 billion in the same month last year after the settlement of more foreign obligations. Latest data from the Bureau of the Treasury (BTr) showed 65 percent of the total debt service or P54.71 billion […]
Read MoreIndonesian President Joko Widodo will announce the site of the country’s new capital on Monday, ending months of speculation about the location of the new city to replace Jakarta as the administrative headquarters. The announcement will be broadcast live from 1 p.m. Jakarta on the official YouTube channel of the president’s secretariat. Jokowi, as the […]
Read MoreLaos’ current account deficit is expected to widen to 12 per cent this year as imports are projected to grow faster than exports, according to a recent report from the World Bank. The rising trade deficit is driven by strong demand for imports relating to investment in mega infrastructure projects, particularly the under-construction Laos-China railway. […]
Read MoreThe EU and Germany have committed to help strengthen Cambodia’s economic integration with Asean member states by providing a €9.35 million ($10.5 million) fund to boost the Kingdom’s trade and investment in the region. The pledge falls under the Asean Regional Integration Support – Cambodia Trade-Related Assistance (Arise Plus Cambodia) programme and was made during […]
Read MoreSingapore’s central bank pulled back its full-year inflation outlook on Friday, as July figures fell below expectations to a three-year low. Less than a fortnight after Monetary Authority of Singapore (MAS) chief economist Edward Robinson reiterated a core inflation forecast of 1 per cent to 2 per cent, his team’s view has now moved from […]
Read MoreVIETNAM is expected to be one of the world’s fastest growing economies in 2019, and a key destination for manufacturers relocating due to trade tensions between the United States and China, said UOB economists in a report last week. While Vietnam also has a significant trade deficit with the US, it is unlikely to face […]
Read More
Thailand
