MANILA, Philippines — The government’s spending on infrastructure declined by 9.4 percent from January to July compared to last year’s level due to the suspension of construction activities during the lockdown, the Department of Budget and Management (DBM) reported yesterday. According to the latest data from the DBM, infrastructure and other capital outlays amounted to […]
Read MoreLoans worth 2 trillion baht owed by 1.1 million SMEs that entered the debt moratorium programme could turn into bad debts after the programme’s expiry at the end of September, says Thai Credit Guarantee Corporation (TCG). Many loans owed by small and medium-sized enterprises could turn into non-performing loans (NPLs), while creditors may pursue litigation […]
Read MorePETALING JAYA: The Penang retail property market, which has been severely hit by the Covid-19 pandemic, may only recover fully next year. However, the state’s retail sector is already seeing an improvement in shopper traffic since the lifting of the movement control order (MCO), which was implemented from March 18 to May 3, said CBRE […]
Read MoreTHAILAND plans cash handouts worth 51 billion baht (S$2.23 billion) to boost domestic consumption and support an economy struggling from the effects of the coronavirus pandemic, a government official said on Wednesday. Southeast Asia’s second-largest economy suffered the biggest contraction in more than two decades in the second quarter as the outbreak ravaged tourism and […]
Read MoreDomestic car sales shrank for a 15th straight month in August, falling 12.1% from a year earlier to 68,883 vehicles as the coronavirus outbreak crushed demand, the Federation of Thai Industries said on Thursday. However, sales increased 16.1% from July, helped by easing virus restrictions, a motor sales event and launches of new car models, […]
Read MoreFree trade agreements (FTAs) that Vietnam has signed with its partners have been an important factor attracting foreign investments to the country. In the first eight months of 2020, Vietnam attracted 19.5 billion USD in foreign direct investment (FDI), down 13.7 percent year-on-year. There were 1,797 new FDI projects licensed, with registered capital totalling 9.73 […]
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