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Thailand: Political unrest limits foreign outlays

Rising political tensions cloud prospects for rapid economic recovery and foreign investment in Thailand, says Moody’s Investors Service. On Oct 15, Thailand’s government declared a state of emergency that banned gatherings of five or more people amid pro-democracy protests that have become larger and more frequent since September. “Although the country has a track record […]

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Consumption to shield Philippines from headwinds

MANILA, Philippines — Sustaining the downtrend in the number of COVID cases and supporting the growth in consumption would help shield the Philippines from a weakening global economy, a World Bank economist said. World Bank senior economist for the Philippines Rong Qian said in a forum that keeping the number of confirmed COVID cases on […]

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Thailand: Bigger deficits ahead

Thailand is set to run relatively wide budget deficits over the coming years, as the government seeks to support the economy amid the headwinds from the pandemic and a downturn in external demand. The budget for fiscal 2021 that began on Oct 1 amounts to 3.2 trillion baht, 2.6% higher than the previous year. Given […]

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