ASEAN Economic Community Strategy Center

February 2, 2021

Malaysia third most attractive Asean country for hotel investment, survey shows

KUALA LUMPUR: Malaysia ranks as the third most attractive country for hotel investment in Southeast Asia, after Thailand and Singapore, according to global property consultancy Knight Frank Malaysia. Its Malaysian Hospitality Investment Intentions Survey, which analysed the investment perspectives of hotel owners, operators and owner-operators, revealed that 14 per cent of the respondents anticipated buying […]

February 2, 2021

Most Singapore SMEs surveyed gloomy on outlook for 2021, says QBE

SINGAPORE (THE BUSINESS TIMES) – Stormy skies will loom over their businesses, despite the sun peeking out from behind the clouds in 2021, if you ask small and medium-sized enterprises (SMEs). Many are counting on the Government to shield them from the rain. While they feel an increased positivity towards the economic climate in 2021, SME […]

February 2, 2021

Thailand: Investor confidence improves but new Covid wave drags

Investor confidence in Thai financial markets over the next three months has improved slightly on optimism over vaccines and capital inflows, but has been capped by a new wave of coronavirus cases, a capital market association said on Tuesday. A survey in January by the Thai Capital Market Organizations (FETCO) showed its investor confidence index […]

February 2, 2021

Malaysia: Foreign inflows into bonds reflect confidence in policies, Zafrul says

KUALA LUMPUR: The accumulated net foreign inflows of RM18.3 billion recorded by Malaysia’s bond market in 2020 reflects yield-hunting activities and, to some extent, represents the confidence of the capital market in the country’s policies and direction over the next few months, said Tengku Datuk Seri Zafrul Abdul Aziz. The Finance Minister said although Bank […]

February 2, 2021

Philippines: Pandemic bill stokes gov’t debt to P9.8 trillion in 2020

MANILA, Philippines — As widely expected, the Duterte administration capped 2020 with a much heavier debt burden after the coronavirus pandemic stoked a borrowing spree amid falling tax receipts. The state’s outstanding liabilities swelled to P9.8 trillion as of December last year, representing a dramatic 26.7% jump from end-2019, latest data from the Bureau of […]

February 2, 2021

Thailand: Exports seen up 3-4% this year, but strong baht weighs -shippers

Thailand’s exports are expected to grow by 3% to 4% this year as the global economy recovers, but a stubbornly strong baht currency remains a worry, the shippers’ council said on Tuesday. Exports, a key driver of growth, could perform better than expected on vaccine developments and if the government provides more support, Ghanyapad Tantipipatpong, […]

Asean News

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