Credit ratings agency Fitch Ratings has affirmed Indonesia’s long-term foreign currency issuer default rating at “BBB with a stable outlook”, the lower medium investment grade. Fitch cited a favorable medium-term growth outlook and low government debt-to-GDP ratio against high dependence on external financing among the reasons for retaining the rating, but also noted issues around […]
Read MoreTHE Singapore government will soon unveil plans to help the ailing economy, including an update from Deputy Prime Minister Heng Swee Keat on fiscal support measures. That’s even as Singapore’s central bank said it stands by its monetary policy stance, which was eased in a double-tap move at its last half-yearly review in April. “In […]
Read MoreThe Hanoitimes – By the end of 2019, Vietnam’s public debt had significantly dropped to 55% of GDP from 63.7% in 2016. Vietnam could afford widening public debt by additional 2 – 3 percentage points of GDP to mitigate negative Covid-19 economic impacts, as the ratio of public debt to GDP in this case would still […]
Read MoreKUALA LUMPUR, August 11 — The Malaysian Trades Union Congress (MTUC) warned today that the unemployment rate among Malaysians will soar further and employers may start hiring more foreigners if the government continues to turn a blind eye to the current wage rate in the country. MTUC secretary-general J. Solomon also singled out Human Resources […]
Read MoreOptimism is in sight for the upcoming Khmer New Year holiday for a once-bustling village on the island of Koh Rong Samloem. Cambodia’s tourism sector has been reeling from the loss of the average 6 million annual tourists since the borders were mostly closed earlier this year. As the COVID-19 pandemic first spread around the […]
Read MoreThai Immigration’s response to COVID-19 has had a profound impact upon the overall system. Many were stranded in the Kingdom. Meanwhile, many have been stranded abroad waiting to return to family, business, or their prior living arrangements. The Immigration system is in a substantial state of flux and requirements are subject to change with little […]
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