The consumer price index (CPI), a gauge of headline inflation, is expected to remain in negative territory in the first quarter this year, rebounding to positive from April with availability of a Covid-19 vaccine anticipated. Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, said the Commerce Ministry expects headline inflation to contract by […]
Read MoreTHE global macroeconomic landscape has grown increasingly complex since the Asean+3 group – which includes 10 members of the Association of South-east Asian Nations plus China (including Hong Kong), Japan and South Korea – introduced the Chiang Mai Initiative Multilateralisation (CMIM), the bloc’s multicurrency swap arrangement, eight years ago. Moreover, since the 1997-98 Asian financial […]
Read More[JAKARTA] Indonesia’s fiscal deficit in 2020 is seen at 6.09 per cent of gross domestic product (GDP) based on unaudited state budget realisation, the country’s finance minister said on Wednesday, as the coronavirus pandemic hit revenues. The 2020 deficit expanded from 2.2 per cent of GDP in 2019 but was better than the government’s estimate […]
Read MoreThe Hanoitimes – In 2021, Vietnam is set to benefit from a tech-led recovery, consistent FDI inflows and numerous trade agreements. While Vietnam had the highest growth rate in Asia in 2020 at 2.91%, the country is likely to be among the top in the region again for this year with an estimated GDP growth of […]
Read MoreMANILA, Philippines — The World Bank has retained its 8.1 percent economic decline projection for the Philippines in 2020, putting the country among the worst performers in the East Asia and Pacific region owing to the prolonged lockdown. In its January 2021 Global Economic Prospects, the multilateral bank maintained its December projection of a contraction […]
Read MoreAgriculture Minister Veng Sakhon yesterday reiterated a call for authorities to prevent the smuggling of farmed fish from neighbouring countries to supply local demand. The move is to protect the local farmed fish industry. Sakhon made the call during a visit to the farmed fish zone in Phnom Penh’s Prek Pnov district. He also called […]
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Thailand
