While Vietnam is at risk of being listed as currency manipulator by the US, such a risk appears low, as the US will likely continue to reduce its dependence on Chinese exports by reorganizing its supply chain with other partners. In the short-term, the State Bank of Vietnam (SBV)’, the country’s central bank, is expected […]
Read MoreThe Regional Cooperation and Economic Partnership (RCEP) agreement is ready to be signed in November, and is expected to take effect in the second half of next year, Auramon Supthaweethum, director-general of the Trade Negotiations Department, said. The Covid-19 crisis was not an obstacle to RCEP negotiations as the panel was meeting via video conference […]
Read MoreGlobal financial institutions have provided a more positive outlook for Cambodia’s economic outlook because the country has been far less affected by COVID-19 than others. Cambodia’s Ministry of Economy and Finance (MEF) claimed that the prediction is based at least in part on the government’s comprehensive anti-COVID efforts. The World Bank’s October 2020 Economic Update […]
Read MoreIndonesia booked its highest exports in six months, driven by rising shipments of agricultural and manufactured goods in September, Statistics Indonesia (BPS) announced Thursday. In a sign of improving global demand, Indonesia has booked a trade surplus for five consecutive months. Exports jumped 6.97 percent month-to-month (mtm) in September to US$14.01 billion, the highest recorded […]
Read MoreThe maximum drawdown for the Bank of Thailand’s soft loans, set at 20% of each bank’s loans outstanding as of year-end 2019, could be too little for some customers, says a bank executive. For instance, if a customer has borrowed for seven consecutive years, the existing credit line may not be adequate, making 20% of […]
Read MoreMANILA, Philippines — Mall and other space owners were asked on Thursday not to evict stalls unable to pay their rent and instead extend relief to tenants disproportionately battered by the pandemic. “Sales have plunged to their worst in decades. There has been a cascade of store closures and jobs losses,” Benedicto Yujuico, president of […]
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