Vietnam’s growth momentum remains strong this year and next, made possible by the country’s success in controlling the spread of the corona virus. Despite the recent resurgence of the Covid-19 pandemic in nearby countries, Vietnam is set to be the fastest-growing economy in the Southeast Asian region with an economic growth of 6.7% in 2021 […]
Read MoreSINGAPORE: Emerging Asia’s central banks are expected to opt for supporting their economic recoveries rather than tackling volatile price swings this year. All eight emerging Asian economies, including India and Indonesia, are seen holding benchmark interest rates steady through 2021, according to the median forecasts from Bloomberg surveys of economists. Higher real interest rates will […]
Read MoreMANILA, Philippines — The Duterte administration’s budget deficit swelled to its widest monthly level this year so far in March, hurt by a latest collapse in revenues likely to persist as the government awaits returns from lower tax rates while the pandemic bill explodes without signs of a compelling economic revival. The bad news is there are […]
Read MoreCambodia’s economy is forecast to grow 4.0 per cent this year and 5.5 per cent in 2022, as economic recoveries in major trading partners boosts demand for the Kingdom’s exports, according to an Asian Development Bank (ADB) report released on April 28. ADB country director for Cambodia Sunniya Durrani-Jamal said: “The economy contracted by 3.1 […]
Read MoreMajority Lao state-owned power generation firm, EDL-Generation Plc (EDL-Gen), is seeking strategic private partnerships in neighbouring countries to boost its total capacity by 25% to fulfil growing regional energy demand. It plans to increase its capacity to 2,435 megawatts by 2029 from 1,949MW currently. The additional capacity will come from hydroelectric power plants currently in […]
Read MoreSINGAPORE, April 28 — For the first time since Covid-19 struck, the total number of people in employment in Singapore — excluding foreign domestic workers — has expanded after four straight quarters of declines, early estimates from the Ministry of Manpower (MOM) showed. Unemployment rates have also eased, although they remain “far from pre-pandemic levels”, […]
Read More
Thailand
