JAKARTA (BLOOMBERG) – Indonesia is left with few easy options to bolster its economy as a virus resurgence threatens its recovery at a time when it is seeking to rein in debt and the United States Federal Reserve is turning hawkish. South-east Asia’s largest economy cut rates last year and rolled out stimulus spending as the pandemic […]
Read MoreIn a positive development for Indian meat exporters, the Cambodian government has decided to lift the temporary ban on meat supplies from India put in place last month due to fear of Covid-19 virus contamination after the Indian Embassy in Phnom Penh argued that there was no scientific evidence behind the restriction, according to a […]
Read MoreReal estate, in the eyes of investors, is the most profitable and least risky business field. Nguyen Manh Thang, director of an investment company in Hanoi, is well known for his education projects. However, he has now injected money into real estate. Thang said as schools have been hit hard by Covid-19, he has had […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is expected to keep interest rates at record low on Thursday as the near-term prospects remain worrisome for the country amid the resurgence of COVID-19 infections, according to Moody’s Analytics. In a report, the research arm of the Moody’s Group said the Monetary Board may keep […]
Read MoreFitch Ratings has affirmed Thailand’s long-term foreign-currency issuer default rating (IDR) at BBB+ with a stable outlook. The country’s ratings are supported by robust external and public finances, which continue to provide buffers against downside risks amid a prolonged economic recovery from the coronavirus pandemic, Fitch said in a statement. “These strengths are balanced against […]
Read MoreThailand may not see bright export prospects in the third and fourth quarters this year if high ocean freight rates and container shortages remain, says the Federation of Thai Industries (FTI). Its warning came after the Thai National Shippers’ Council said earlier this month that the country’s exports could rise by 10%-15% in 2021, driven […]
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