MANILA, Philippines — A wider fiscal deficit incurred by the country in 2019 will not hurt the country’s credit rating as it provided stimulus that propelled economic growth last year, according to the Department of Finance (DOF). In a report, Finance Undersecretary and chief economist Gil Beltran said that the 3.5 percent deficit-to-gross domestic product […]
Read MoreCorn traders will be collaborating to set up collection centres in Myawaddy, Kayin State, near the Thai border to facilitate exports of the crop, say industry officials. The collection centres, expected to be up and running within the next few months, are expected to help boost sales of corn to Thailand, said U Min Khine, […]
Read MoreThe Hanoitimes – Global Infrastructure Hub estimated that Vietnam needs to invest US$110 billion between 2021 and 2025 for infrastructure. Investors are seeing big opportunities to take part in Vietnam’s infrastructure developments as the government has announced plans to boost the construction of many mega infrastructure projects in tandem with streamlining policies to make it more […]
Read MoreSINGAPORE – Manufacturing shrank in February at the fastest pace in more than five years, reflecting the disruption caused by the coronavirus outbreak. The decline was led by the electronics sector, which had expanded in January for the first time after languishing in contraction territory for 14 straight months. The Singapore Purchasing Managers’ Index (PMI) […]
Read MoreMyanmar’s latest Purchasing Manager’s Index (PMI) figure for manufacturing is indicating that manufacturing businesses are slowing. IHS Markit, a London-based information provider, released its report on Myanmar’s Manufacturing PMI yesterday. The headline IHS Markit Myanmar Manufacturing PMI is a composite single-figure indicator of manufacturing performance. It is derived from indicators for new orders, output, employment, […]
Read MoreIndonesia’s retail and shopping center associations were urging consumer restraint after news about the confirmed cases of COVID-19 in Indonesia triggered panic buying sprees. The Indonesian Retailers Association (Aprindo) and Indonesian Shopping Centers Tenants Association (Hippindo) issued statements on Monday which assured their members’ that food and non-food supplies were going to be more than enough […]
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Thailand
