MANILA, Philippines — Governments and corporates accumulating large debts this year for pandemic programs are bound to suffer the negative consequence of expensive payments starting next year, Moody’s Investors Service said on Monday. The scenario, in turn, threatens to further deteriorate the fiscal house of Asian economies, but most especially Indonesia, Sri Lanka and the […]
Read MoreThe government has reaffirmed its plans to issue a presidential regulation (Perpres) on renewable energy this year as it seeks to boost the development of clean energy and reach its energy mix target. The anticipated regulation is set to govern the pricing and procurement of new and renewable energy (EBT) and set green energy incentives, […]
Read MoreSINGAPORE (XINHUA) – Singapore Economic Development Board reported yesterday that the country’s manufacturing output grew 24.2 per cent year on year in September, compared to a revised 15.4 per cent rise in August. Excluding biomedical manufacturing, the output grew 8.5 per cent in September from a year ago. On a seasonally adjusted month-on-month basis, Singapore’s […]
Read MoreRobinhood, a local food delivery platform under Siam Commercial Bank (SCB), anticipates posting losses for the next three years under a no gross profit (GP) policy to support small merchants. The Thailand-based food delivery platform held the soft launch of its service on Monday, which waives the GP fee, usually in the range of 30-35% […]
Read MoreCambodia is working to identify potential and priority products to capitalise on preferential treatments under free trade agreements (FTAs) and boost exports. Ministry of Commerce secretary of state Seang Thay on Friday led a fourth meeting among relevant departments under the ministry to discuss promoting production and shoring up bilateral trade in the region. He […]
Read MorePETALING JAYA: Investors let out a sigh of relief after a proposal to enact Emergency rule was denied but political uncertainties continue to shroud the economic and stock market outlook. This uncertainty showed as across Bursa Malaysia, market breadth remained overwhelmingly negative yesterday even after the state of emergency had been averted. A total of […]
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