MANILA, Philippines — The government might be coming up short of actual cash to bankroll a massive response to the coronavirus outbreak but it will never ask its creditors for a moratorium on debt payments. In a statement released Tuesday, Finance Secretary Carlos Dominguez III flatly rejected what he called “narrow-sighted” suggestions to use interest […]
Read MoreThe economy could suffer a record blow of 1.3 trillion baht in damage from the spiralling spread of the coronavirus, according to preliminary estimates by the Thai Bankers’ Association (TBA). The country’s economic damage based on the preliminary reading represents 7.7% of GDP, on a par with the economic contraction during the financial crisis of […]
Read MoreKUALA LUMPUR, April 13 ― Malaysia’s manufacturing sales grew by 7.0 per cent year-on-year (y-o-y) in February 2020 to register at RM110.6 billion from RM103.4 billion in February 2019, said the Department of Statistics today. Chief statistician Datuk Seri Mohd Uzir Mahidin said the y-o-y growth was driven by the increase in petroleum, chemical, rubber […]
Read MoreCambodian policymakers have more time to think of additional measures to mitigate the economic shock of the COVID-19 pandemic on the country, according to the National Bank of Cambodia’s director-general Chea Serey. Referring to the effect COVID-19 has already had on the country’s key industry sectors, Chea Serey said to international media outlet CNBC, “On […]
Read MoreKUALA LUMPUR, April 15 — Malaysia will not be spared the global headwinds combined with the mass effect of Covid-19, with the central bank together with the World Bank and Internal Monetary Fund (IMF) forecasting a growth contraction for this year, although its economy is expected to rebound with strong expansion next year, says Affin Hwang Investment […]
Read MoreThe government estimates that up to 3.78 million Indonesians will fall into poverty and 5.2 million lose their jobs during the coronavirus pandemic, while the International Monetary Fund (IMF) projects the worst global recession since the Great Depression. Finance Minister Sri Mulyani Indrawati said Tuesday that, with economic growth projected at the lowest level since […]
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Thailand
