SINGAPORE – Moody’s Investor Service said a record-high 96 companies worldwide are now on the line between speculative grade and investment grade. It said the companies have suffered from deteriorating economic conditions amid the coronavirus pandemic and the sharp declines in commodity prices. The global agency – whose rating of debt owed by companies and countries is […]
Read MoreMANILA, Philippines — The government may extend loan assistance to private schools and businesses in the tourism sector to help them cope with the impact of the coronavirus disease 2019 or COVID-19 pandemic, according to the Department of Finance (DOF). During a virtual meeting with Congress’ Defeat COVID-19 sub-committee on economic stimulus technical working group, […]
Read MorePackaged rice manufacturers and distributors yesterday agreed to cut their prices by as much as 50%, as requested by the Commerce Ministry. This is the second campaign initiated by the ministry to lower the prices of goods to help people during the coronavirus crisis. On April 16, the ministry requested consumer goods makers, distributors and […]
Read MoreHousehold spending in Indonesia, a major contributor to the country’s gross domestic product (GDP), is expected to tank this year as more people lose their jobs during the COVID-19 pandemic that has upended business activities, Fitch Solutions projects. Fitch Solutions researchers said growth in household spending, which accounts for 57.4 percent GDP, would slow to […]
Read MoreForeign tourist arrivals in Thailand slumped 76.4% in March from a year earlier after a 42.8% drop in the previous month, hit by the coronavirus outbreak, tourism ministry data showed on Thursday. A total of 820,000 tourists in March spent about 39.5 billion baht, down 77.6% from a year earlier. Visitors from China, the country’s […]
Read MoreKUALA LUMPUR, April 23 — Putrajaya is planning for the fast revival of the nation’s economy, albeit in phases, after the movement control order (MCO) ends, Prime Minister Tan Sri Muhyiddin Yassin said today. In his special address on the eve of Ramadan, Muhyiddin said that this includes drafting a framework for short- and medium-term […]
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