Indonesia’s foreign debt growth accelerated in April, driven mainly by the government’s issuance of sovereign debt papers (SBN) and global bonds to cover for the widening budget deficit to fund its COVID-19 fight, Bank Indonesia (BI) announced on Monday. The external debt of Southeast Asia’s biggest economy, which includes borrowing by the government and the […]
Read MoreThe Tourism Authority of Thailand’s (TAT) China office is tempering enthusiasm that many Chinese tourists will visit in the second half this year as travel restrictions ease, as low Chinese purchasing power for outbound trips persists and an uptick in new infections emerges in Beijing. The surging unemployment rate of 6% or 27 million on […]
Read MoreA recent survey by global fintech organization Rapyd shows that e-wallet OVO is the most preferred payment method in Indonesia. The survey also found that online payments are more popular than bank payments in emerging markets in Asia. The survey report titled Asia Pacific E-commerce and Payment Guide 2020 showed that OVO was the most used e-wallet […]
Read MoreMANILA, Philippines — Lower disbursements and budget due to the coronavirus disease 2019 or COVID-19 pandemic may dent the growth prospects of the country’s infrastructure sector this year, according to Fitch Solutions Country Risk & Industry Research. In a report, the research arm of the Fitch Group said the country’s infrastructure sector may grow by […]
Read MoreThe Energy Ministry has cut the ex-refinery oil price by 0.5 baht and will continue to subsidise gas purchases as part of its ongoing measures to provide relief to an economy battered by Covid-19. The Energy Policy Administrative Committee (Epac) approved today the price cut in response to a call from a non-governmental organisation, Green […]
Read MoreThe Hanoitimes – A lower GDP growth target is inevitable as the Covid-19 pandemic is wreaking havoc on the world economy, said Minister of Planning and Investment Nguyen Chi Dung. Due to severe impacts of the Covid-19 pandemic on the economy, the Vietnamese government has proposed revising the GDP growth target from the initial 6.8% to […]
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