ASEAN’s central bank governors and finance ministers agreed that in order to restore their economies in the post COVID-19 period they must strengthen their digital infrastructure and data connectivity. The representatives of the 10 Southeast Asian countries say they will invest more in human resources and infrastructure to strengthen economic productivity and support and promote […]
Read MoreKUALA LUMPUR: Despite generally benefiting from external trade given the rebound in global growth and the pick-up of international trade, Malaysia has to remain vigilant to the risk of rising trade tension between the United States and China. Bank Negara deputy governor Datuk Abdul Rasheed Ghaffour (pic) said Malaysia’s well-diversified trade in terms of source […]
Read MoreMANILA, Philippines — Anemic demand for dollars from importers coupled with lenders’ hesitation to extend credit further sank foreign currency loans granted by big local banks last year. What’s new Banks lent out $16.7 billion under the foreign currency deposit units (FCDUs) as of December last year, down 3.6% on a quarter-on-quarter basis, the Bangko Sentral […]
Read MoreAs uncertainties has led to HSBC revising down Vietnam’s GDP growth forecast in 2021 to 6.6%, the bank expected a strong rebound to 8.5% next year. Despite a weaker-than-expected GDP growth in the first quarter at 4.48%, Vietnam still boasts one of the brightest growth prospects in Asia, according to HSBC. Upswing in the tech […]
Read MoreThe Tourism and Sports Ministry is considering offering free cross-provincial flights for foreign tourists after airline workers are approved for Covid-19 inoculation this week. “From July 1, inoculated tourists exempt from quarantine might be tempted to extend their stay here after spending 10 days in Phuket if we can provide them free or discounted air […]
Read MoreThe future success of the economic relationship between the United States and Cambodia could hinge on managing geopolitical tensions, evolving the agricultural sector and providing clear legal frameworks to improve the investment climate, according to a panel of experts who spoke at a webinar hosted by the Asian Vision Institute (AVI) and the US embassy. […]
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Thailand
