PETALING JAYA: With Malaysia hit by its first rating downgrade in over 20 years, there is an urgent need for the government to address concerns raised by one of the world’s largest rating agencies. Among others, these concerns include domestic political uncertainties, weakened public sector finances and still-fragile economic growth. Failure to sufficiently address the […]
Read MoreMANILA, Philippines — The government needs to help smoothen the movement of food items to help normalize prices following a spike in November that was caused by the series of typhoons that hit the country, according to the Department of Finance (DOF). In his latest economic bulletin, Finance Undersecretary Gil Beltran said inflation in November […]
Read MoreBilateral trade between Cambodia and the U.S. was valued at $5.8 billion in the first ten months of this year, a year-on-year increase of 16 percent. Figures from the U.S. Census Bureau show that from January to October 2020, Cambodia exported $5.5 billion worth of products to the U.S., up 21 percent. At the same […]
Read MoreExperts say there is great potential for social payments in Vietnam thanks to the high number of social media users. For example, if you want to buy goods from a seller on Facebook, you can reach an agreement about the price, and then the seller will send a request for payment through the chat box. […]
Read MoreMANILA, Philippines — Business group Federation of Filipino Chinese Chambers of Commerce and Industry Inc. (FFCCCII) expects the economy to recover and post a 7.5 percent growth by next year with the further reopening of more sectors. “We at the FFCCCII strongly support the country’s approach to gradually reopen our Philippine economy, while still upholding strict […]
Read MoreKUALA LUMPUR: Fitch Rating’s decision to downgrade Malaysia’s long-term foreign currency issuer default rating (IDR) to BBB+ from A- is unlikely to impact its financial markets on a sustained and significant basis, RHB Research said. It said on Monday the downgrade was unlikely to be followed by S&P and Moody’s in the next few months. […]
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Thailand
