In a move to tackle the economic fallout of the Covid-19 outbreak, the government’s Monetary and Fiscal Committee has come up with a plan to maintain public debt to gross domestic product (GDP) ratio, boost the budget ceiling and adjust debt settlements. Finance Minister Uttama Savanayana said after a meeting with the committee on Thursday […]
Read MoreContaining the Covid-19 pandemic will cost Asia-Pacific at least US$2 trillion (Bt65.2 trillion) in lost household and corporate incomes through 2021, according to S&P Global Ratings. The ratings firm has calculated the economic cost of an initial one-month lockdown could be about 3 percent of GDP in Asia-Pacific. “As the Covid-19 pandemic endures, we are […]
Read MoreThe Hanoitimes – These actions stem from the sharply lower – albeit positive – growth that Vietnam faces from the Covid-19 pandemic. Fitch Ratings has revised the outlook on the Long-Term Issuer Default Ratings (IDRs) of two state-owned banks and a wholly foreign-owned bank in Vietnam to Stable from Positive, and the outlooks for two joint […]
Read MoreKUALA LUMPUR, April 17 —Complaints of husbands and ex-husbands not paying their wives or ex-wives alimony have increased during the movement control order (MCO) period compared to before this. Malaysian Syariah Judiciary Department (JKSM) director-general and shariah chief judge Datuk Mohd Na’im Mokhtar said previously, the department only received about five complaints a month through […]
Read MoreMANILA, Philippines — Economists expect remittances from overseas Filipino workers (OFWs) contracting this year due to displacements resulting from travel restrictions brought about by the spread of the coronavirus disease 2019 or COVID-19. Sanjay Mathur, chief economist for Southeast Asia and India at ANZ Research, said remittances are likely to take a hit this year […]
Read MoreIndonesia’s state budget deficit fell to Rp 76.4 trillion (US$4.94 billion) in the first quarter of 2020 as revenue grew significantly from a year earlier while spending growth slowed, Finance Ministry data show. The deficit amounts to 0.45 percent of the country’s gross domestic product (GDP). State revenue at the end of March was up 7.7 percent […]
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Thailand
