UK-based lexology.com said Vietnam’s economy is in a favorable position compared to other countries in attracting FDI during the Covid-19 pandemic. Disbursement of foreign direct investment (FDI) to Vietnam rose by 6.8% year-on-year in the first six-month period to US$9.24 billion, a report of the Foreign Investment Agency (FIA) under the Ministry of Planning and […]
Read MoreJAKARTA: The Supreme Audit Agency (BPK) has warned the government over a potential decline in its ability to service its increasing debt, after it hiked state spending in 2020 to finance economic stimulus measures as part of the national pandemic response. BPK chairman Agung Firman Sampurna said that interest payments on national debt relative to […]
Read MoreMANILA, Philippines — S&P Global Ratings has lowered anew its 2021 gross domestic product (GDP) growth forecast for the Philippines to six percent as the reimposition of strict lockdowns further restricted economic activity. Last March, the debt watcher slashed the growth forecast from its original peg of 9.6 percent to 7.9 percent the most optimistic […]
Read MoreWorld Bank on June 24 approved a $200 million International Development Association (IDA) credit for the Cambodia Relief, Recovery and Resilience Development Policy Financing Project (DPF), to provide a shot in the arm for the Kingdom’s Covid-19 fight and drive towards economic recovery. “The project will help Cambodia deal with the Covid-19 crisis by providing […]
Read MoreThe government will offer 50 billion baht in savings bonds next month to finance Covid-19 relief measures, the Finance Ministry said on Friday. The proceeds will be for spending measures including a co-payment scheme and cash handouts for low-income people, Patricia Mongkhonvanit, head of the ministry’s public debt management office, said. The cabinet approved an […]
Read MoreSINGAPORE – Manufacturing output in Singapore saw a huge jump in May, helped by a low base a year ago amid Covid-19 circuit breaker measures. Factory production expanded 30 per cent year on year – a seventh straight month of growth, according to data released by the Economic Development Board on Friday (June 25). This exceeded the […]
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Thailand
