Figure raised to 9.4% from previous 8.9% The government’s fiscal gap ceiling this year was raised by the country’s economic managers, who expect higher public expenditure on the coronavirus disease 2019 (Covid-19) pandemic response. Budget Secretary Wendel Avisado said on Tuesday night that the interagency Development Budget Coordination Committee (DBCC) revised this year’s deficit program upward […]
Read MoreAMONG the latest restrictions which will be in place till June 13, dining out has been banned. In this period, F&B operators are to receive increased wage support under the Jobs Support Scheme (JSS). The government will raise its wage support for food and beverage (F&B) establishments to 50 per cent from 10 per cent. Under the […]
Read MoreProperty developer Altitude Development Co is pressing ahead with low-rise housing projects, joint ventures and turnkey projects as this strategy is less risky during a pandemic. Chief executive Chayaphon Hunrungroj said all the new projects the company plans to launch this year and next year are low-rise homes, including single-detached houses and townhouses in the […]
Read MoreA 2017 decision to limit interest rates to protect borrowers from high interest rates has resulted in microfinance institutions (MFIs) increasing their fees and turning away from smaller clients, according to an International Monetary Fund working paper. In March 2017, the National Bank of Cambodia (NBC) imposed an 18 percent limit on annual interest rates […]
Read More‘Prediction is very difficult, especially about the future,” quipped Niels Bohr, the Nobel Prize-winning physicist. It’s a statement that certainly applies to anyone making forecasts, and particularly investors at this time. Stock markets will continue to be buffeted by pandemic-related news. Successful investing in consumer stocks over the next couple of years, however, will depend […]
Read MoreVietnam recorded a trade surplus of US$1.63 billion in the four-month period. Vietnam’s trade deficit with China surged by 82% year-on-year in the first four months of the year to US$17.63 billion, according to the General Department of Vietnam Customs (GDVC). In April alone, Vietnam’s imports from China rose by over US$3 billion year-on-year to […]
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Thailand
