PHNOM PENH: Cambodia is set to launch a lockdown in eight provinces bordering Thailand from midnight on Thursday, in a bid to prevent the spread of the Delta variant of the coronavirus in the Southeast Asian country. Prime Minister Hun Sen signed an order late on Wednesday for the lockdown, which bans people from leaving […]
Read More[SINGAPORE] In the last few weeks, the managing director of the Monetary Authority of Singapore has gained attention for his personal views on some politically charged topics, echoing a similar evolution among his central banking peers as they address the world beyond money supply. In a series of recent lectures as a visiting scholar at […]
Read MoreWhile the world is in a crisis over the lack of empty containers to deliver goods, leading to skyrocketing shipping fees, thousands of containers are idling away at Vietnamese seaports. Nguyen Anh Vu, director of Haiphong Maritime Administration, said that as of July 21, Haiphong has 2,708 containers waiting for use. The seaports and inland […]
Read MoreMANILA, Philippines — The Philippines faces the likelihood of a credit rating downgrade from debt watchers if the country fails to immediately address the scarring effects caused by the COVID-19 pandemic, according to Dutch financial giant ING Bank. Nicholas Mapa, senior economist at ING Bank Manila, said at least two credit rating agencies recently flagged […]
Read MorePETALING JAYA: Malaysia’s exports to all major markets, namely Asean, China, the United States, the European Union and Japan, recorded double-digit expansion in June. The strong exports turbo-boosted Malaysia’s total trade performance, which surpassed RM1 trillion in value in just the first six months of the year. According to the International Trade and Industry […]
Read MoreThe International Monetary Fund (IMF) has cut its annual growth forecast for Emerging Asia. It warned that a slower-than-expected vaccine rollout, further virus mutations and tighter financial conditions are risks in the region. It cut its forecast for Gross Domestic Product (GDP) in Emerging and Developing Asia by 1.1 percentage points to 7.5 percent this […]
Read More
Thailand
