MANILA, Philippines — The slower than expected inflation in June should give the Bangko Sentral ng Pilipinas (BSP) some room to adjust rates to support economic recovery. In its weekly outlook, London-based Capital Economics insisted that the BSP would resume its easing cycle by September. The market consensus expects the central bank to keep rates […]
Read MoreKUALA LUMPUR: Malaysia will downgrade its economic growth outlook this year, according to the country’s finance minister, signaling that it could see expansion around 4%. While there is optimism the spread of Covid-19 can be contained and lockdowns can be eased, the government still expects to lower its gross domestic product outlook for this year, […]
Read MoreThe Council of the Ministers approved the new investment law draft last week in order to attract increased investment flow to the Kingdom and enhance the nation’s economic diversification and competitiveness. The new draft consists of 12 chapters and 42 articles. It was approved by the Council of the Ministers at a meeting chaired by […]
Read MoreThe National Economic and Social Development Council (NESDC) plans to table before the cabinet on Tuesday remedy measures for those affected by the strict lockdown measures that took effect on Monday, says a cabinet source who requested anonymity. The remedy is to be funded by the 500-billion-baht emergency loan, which is expected to be adequate […]
Read MoreMany businesses and manufacturers are finding ways to adapt to the COVID-19 pandemic, maintaining operations and keeping workers safe. In the first six months of the year, about 70,200 businesses were closed due to the pandemic, a year-on-year increase of 24.9 per cent, according to the General Statistics Office. Businesses in industrial parks and export processing zones in HCM City have […]
Read MoreJAKARTA: Indonesia’s central bank has cut its forecast for 2021 economic growth to 3.8% based on early assessment of the impact of recent coronavirus restrictions, from a previous forecast of 4.6%, its governor said on Monday. Southeast Asia’s largest economy has been battling the region’s worst COVID-19 epidemic, with cases and deaths climbing at an […]
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Thailand
