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Thailand: Government pledges to press on with DSEZ

The government remains adamant it is continuing its long-delayed Dawei special economic zone (DSEZ) project and vows to find solutions to obstacles at a tripartite meeting between Thailand, Japan and Myanmar. Deputy Prime Minister Supattanapong Punmeechaow, who is chairman of the Thai-Myanmar Joint High-Level Committee (JHC) for the DSEZ, said Thailand’s government agencies are looking […]

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Philippines: Ecozone investments decline 19% in 2020

MANILA, Philippines — Investments for projects approved by the Philippine Economic Zone Authority (PEZA) went down by nearly a fifth last year amid the coronavirus disease 2019 (COVID-19) pandemic. In a statement, PEZA said it approved P95.03 billion worth of projects last year, 19 percent lower than the P117.5 billion in 2019. Also, only 326 […]

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Moody’s Asian Liquidity Stress Indicator improves slightly in December

Moody’s Investors Service said recently that its Asian Liquidity Stress Indicator (ALSI) remains elevated as liquidity remains weak for 45 of 138 rated high-yield companies. The ALSI measures the percentage of high-yield (HY) companies with Moody’s weakest speculative-grade liquidity score (SGL-4) as a proportion of the total number of corporate family ratings, the credit rating […]

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Philippines: Money supply growth slows anew

MANILA, Philippines — The growth in the country’s money supply continued to ease for the sixth consecutive month in November 2020 as credit demand remained weak amid a pandemic-induced slowdown in business activities and consumer spending, the Bangko Sentral ng Pilipinas (BSP) said yesterday. Preliminary data from the central bank showed that domestic liquidity, as […]

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