MANILA, Philippines — S&P Global Ratings slashed this year’s economic growth forecast anew for the Philippines to below six percent amid the coronavirus disease 2019 (COVID-19) outbreak. In its latest report titled “COVID-19 now threatens more damage to Asia Pacific,” the debt watcher said the GDP growth of the Philippines would soften further to 5.8 […]
Read MoreThe Hanoitimes – In the last quarter of 2019, Vietnam continued to be placed in the top three most optimistic countries.and had the most avid savers, Health continued to be the biggest concern of Vietnamese consumers in the last quarter of 2019 for three consecutive quarters, according to the latest the Conference Board Global Consumer Confidence […]
Read MoreThe strengthening of the kyat against the US dollar and Chinese yuan has begun to have a negative impact on Myanmar’s beans and pulses, merchants in Mandalay say. The rise in the kyats value of the past several weeks means Myanmar’s goods have become more expensive for foreign buyers while at the same time earning […]
Read MoreThe baht’s direction this week will be determined by developments in the spread of the new coronavirus outside China after the baht moved up against the US dollar last week, says Kasikorn Research Centre The baht this week from March 9-13 is expected to move in a range of Bt31.20-31.80/USD, Kasikorn Research Centre has forecast. […]
Read MoreMinister of Tourism, Thong Khon, has drawn comparisons between the current COVID-19 outbreak to the Severe Acute Respiratory Syndrome (SARs) pandemic that occurred in 2003 and devastated the tourism industry in Asia. “Cambodia experienced a dramatic decline in foreign tourist arrivals during the 2003 SARs outbreak and we are seeing a similar reaction with the […]
Read MoreAs the government prepares a second fiscal stimulus package to support the economy, Finance Minister Sri Mulyani Indrawati warns that the economic impacts of the COVID-19 coronavirus outbreak will be far more complicated than that of the 2008 financial crisis. Driven by the United States subprime mortgage debacle, the 2008 financial crisis mostly affected financial institutions, banks […]
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Thailand
