MANILA, Philippines — Pandemic-related risks are expected to delay the Philippines’ economic recovery and may raise the prospects of long-term economic scarring, according to Moody’s Investors Service. “Pandemic risks have weighed on the Philippines’ economic recovery compared to its more export-oriented peers in Asia-Pacific, delaying fiscal consolidation and raising the prospects of long-term economic scarring. […]
Read MoreJapanese food and raw material suppliers remain keen on exploring opportunities to expand their products in the Thai market even though Thailand’s domestic restaurant business is reeling from the pandemic. Hiroki Taniguchi, director of the Agriculture and Food Department of the Japan External Trade Organisation (Jetro) in Bangkok, said the export value of food and […]
Read MoreAlthough local iron and steel prices have dropped, they are still at high rates, up 1.7 times compared to the end of 2020, causing investors and construction contractors to suffer. Although local iron and steel prices have dropped, they are still at high rates, up 1.7 times compared to the end of 2020, causing investors […]
Read MorePETALING JAYA: Consumers may need to brace for higher price pressures in the second half of the year, even as the economy continues to struggle due to weak growth prospects. While the electricity bill discount from July to December 2021 would help to somewhat soften the squeeze on consumers’ pockets, economists said inflationary pressure would […]
Read MoreThe economic focus is on Japan and South Korea this week, with data likely to show the Korean economy inched up in the April-June quarter. Gross Domestic Product (GDP) figures are out today and Moody’s Analytics forecasts 0.8 percent growth, compared with the first quarter of 2021. GDP grew at a quarterly 1.7 percent pace […]
Read MoreThe loan restructures for Covid-19 pandemic-stricken customers were valued at $5.5 billion in the first semester of 2021. The scheme has been extended to the end of this year. The National Bank of Cambodia (NBC) said the ratio of non-performing loans was 2.8 percent for banks and 2 percent for microfinance institutions (MFIs). Banks and […]
Read More
Thailand
