MANILA, Philippines — Foreign borrowings of the national government amounted to $2.38 billion in the first quarter, 30 percent lower than the $3.42 billion recorded in the same period last year, according to the Bangko Sentral ng Pilipinas (BSP). The Philippines raised 1.2 billion euros via the issuance of three- and nine-year global bonds in […]
Read MoreAs the Coronavirus pandemic hits jobs and wages in many sectors of the global economy, a slowdown in the amount of money sent home by migrant workers looks increasingly likely, according to a report by World Economic Forum (WEF). The report said that remittances shelter a large number of poor and vulnerable households, underpinning the […]
Read MoreSocieties and consumer behaviour could enter a “next normal” phase where on-demand needs of goods and services are serviced instantly through smartphone applications after the pandemic ends. With many people working from home as part of a global effort to contain the virus outbreak, many of them have changed their consumption habits by turning to […]
Read MoreBrunei Darussalam’s gross domestic product (GDP) growth is projected to be 1.3 per cent this year and 3.5 per cent next year, the International Monetary Fund (IMF) highlighted last Tuesday, in its first World Economic Outlook report since the pandemic shut major economies. In its earlier forecast in October last year, IMF said for 2020, […]
Read MoreThe Code of Corporate Governance (CG Code), like a guiding light, serves to strengthen listed companies in their governance. Its presence also acts as a confidence boost for foreign investors. Often, the presence of a CG Code has to do with the maturity of the capital markets, especially the stock exchanges in the particular nation. […]
Read MoreThe revenue target for the three tax-collecting agencies this fiscal year is unlikely to be met after the Covid-19 outbreak disrupted business activities. The Revenue Department’s tax collection fell short of its target by 2.2% for the first half of this fiscal year, and the magnitude of the economic downturn is expected to escalate in […]
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Thailand
