The Bank of Thailand (BoT) is urging the government to borrow an additional 1 trillion baht to address the severe economic impact of the Covid-19 pandemic and boost the country’s long-term growth prospects. The central bank’s governor, Sethaput Suthiwartnarueput, on Monday said he would consider such state borrowing to be reasonable. Given that the economic impact […]
Read MoreKUALA LUMPUR (XINHUA) – Fitch Solutions Country Risk and Industry Research yesterday lowered Malaysia’s real gross domestic product (GDP) growth forecast this year to zero per cent from 4.9 per cent previously, to reflect higher risk for the third wave of COVID-19 infections. The Fitch unit said Malaysia’s second quarter economic growth fell far below […]
Read MoreLocalities should prioritize public investment in the infrastructure of transport, electricity, water, and telecommunications. Preferential mechanisms and policies will be key factors to attract the domestic and foreign industrial enterprises’ investment in border areas, with a focus on promoting cross-border trade, combating smuggling and trade fraud, and creating a healthy environment. It is one of the measures […]
Read MoreSINGAPORE: Singapore’s non-oil domestic exports (NODX) rose 12.7 per cent in July, marking a fourth straight month of growth. Growth was mainly due to non-electronics, though electronic exports also rose, according to data released by Enterprise Singapore (ESG) on Tuesday (Aug 17). On a month-on-month seasonally adjusted basis, NODX decreased by 0.9 per cent in July, […]
Read MoreTwo new investment projects worth a combined $5.5 million have been approved by the Council for the Development of Cambodia (CDC). Collaboration Packaging Material Products Co Ltd is building a factory in the Ang Snoul district of Kandal province to make parts for bags and footwear. Chasefire Outdoors (Cambodia) Co Ltd will set up a […]
Read MoreMANILA, Philippines — Remittances from overseas Filipino workers (OFWs) continue to climb, hitting the highest level in six months in June amid further global economic reopening, although at a slower pace than the double-digit growth recorded in April and May, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno said personal remittances increased […]
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