MANILA, Philippines — The government’s economic team has thumbed down a proposal to breach the budget deficit target to finance a further stimulus package, insisting that spending should be moderated to save up resources in the event the pandemic drags on. Finance Secretary Carlos Dominguez yesterday rejected Senate Minority Leader Franklin Drilon’s suggestion for the […]
Read MoreThe average Vietnamese household will spend 20.8 per cent of their total household budget on food in 2025, marginally increasing from 20.1 per cent in 2005, according to global financial services provider Fitch Solutions. “Over the 2005-25 period, we note that food spending will grow by an annual average of 13.6 per cent, compared to […]
Read MoreKUALA LUMPUR, Sept 10 ― Malaysia’s manufacturing sales in July 2021 grew a marginal 0.6 per cent to RM119.8 billion compared to the same month in 2020. Compared to June 2021, the sales value decreased by 3.6 per cent, according to the Department of Statistics Malaysia (DoSM). Chief Statistician Datuk Seri Mohd Uzir Mahidin said […]
Read MoreThe Lao economy is projected to steadily recover in the medium-term, but growth will remain below pre-pandemic levels at 4.5 per cent in 2022, according to a new World Bank report. The World Bank’s “Economic Monitor for Laos A Path to Recovery” highlighted the economic outlook and risks that could threaten the growth of the […]
Read MorePeople in Thailand expect a seamless banking experience when it comes to opening an account via a mobile app or website, with one in two expecting to answer 10 questions or less or they will abandon the process, according to a survey by the US-based data analytics company Fico. One in five Thais will drop […]
Read MoreMANILA, Philippines — Manufacturing output continued its massive rebound streak in July, registering three-digit gains for the fourth consecutive month largely due to low base effects and supported by economic activities prior to renewed mobility curbs. Factory output, as measured by the Volume of Production Index (VoPI), surged by 538 percent in July, coming from […]
Read More
Thailand
