The Hanoitimes – UOB has trimmed their 2020 forecast for Vietnam to 3.5%, from 5.2% made earlier given the sharply weaker second-quarter performance. Vietnam’s economic growth is likely to bounce back to 5.5-7% in the second half of this year (2H20) after touching a years-low of 1.81% in the first half, meaning that the government’s 6.8% […]
Read MoreThe International Monetary Fund has urged Daw Aung San Suu Kyi’s government to tackle bad debts held by Myanmar banks as soon as the economic slowdown is over. The IMF has agreed to provide US$700 million in emergency funding to help Myanmar address “urgent” spending needs as a result of COVID-19. The loan is expected […]
Read MoreThailand’s economy is expected to contract between 5%-8% this year, deeper than the 3%-5% contraction projected in May, due to the impact of the coronavirus outbreak, a group of the country’s leading business associations said on Wednesday. Despite the easing of virus restrictions, most economic indicators declined in May and June, weighed by the weak […]
Read MoreCambodia and Thailand held talks on the possibility of reopening border gates to restore the economy, according to the Embassy of the Kingdom of Cambodia in Thailand. The discussion at the embassy was led by Cambodia’s Ambassador to Thailand Ouk Sophorn and Chanitr Charnchainarong, chair of the Thailand-Cambodia Business Council, as well as Thai businessmen. […]
Read MoreMANILA, Philippines — The country’s balance of payments (BOP) posted a surplus for the second straight month, hitting a 16-month high of $2.43 billion in May as the national government borrowed more to soften the blow of the coronavirus disease 2019 or COVID-19 pandemic, Bangko Sentral ng Pilipinas (BSP) said. BSP Governor Benjamin Diokno said […]
Read MoreThe government aims to have 10 million micro, small and medium enterprises (MSMEs) go digital by the end of the year to help them ease the financial burden of the pandemic, a high-ranking official has said. Cooperatives and Small and Medium Enterprises Minister Teten Masduki said there were currently only around 8 million MSMEs that […]
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