The government has decided to raise the ceiling of the public debt-to-GDP ratio from 60% to 70% which will allow further borrowing to rehabilitate the economy battered by Covid-19. The decision was made by the State Monetary and Fiscal Policy Committee chaired by Prime Minister Prayut Chan-o-cha on Monday. The committee is made up of […]
Read MoreKUALA LUMPUR, Sept 21 — The ringgit stayed higher against the US dollar today as the greenback retreated amid China’s Evergrande Group crisis. At 6pm, the local note climbed to 4.1835/1850 from 4.1905/1950 at yesterday’s close. A trader said worries over developments in China’s property sector have lifted tensions ahead of the US Federal Reserve’s […]
Read MoreSINGAPORE – Businesses welcomed changes to the snap work-from-home (WFH) regime, noting that the revised rules would reduce disruption to work operations should there be Covid-19 cases among employees. This was after the Ministry of Manpower (MOM) announced several changes to the existing snap WFH regime on Monday (Sept 20). From Wednesday, such a regime […]
Read MoreIndonesia will continue to promote economic cooperation with Latin America and the Caribbean through the Indonesia-Latin America and Caribbean Business Forum (INA-LAC Business Forum) slated for October 14-15, according to an official of the Indonesian Foreign Ministry. Jakarta (VNA) – Indonesia will continue to promote economic cooperation with Latin America and the Caribbean through the Indonesia-Latin America and Caribbean […]
Read MoreThe impacts of the COVID-19 pandemic have slowed down the operations of businesses in industrial parks (IP), disrupting supply chains and labour, according to a recent report by the Ministry of Planning and Investment (MPI). Representatives of ministries, enterprises and foreign investors participated in the seminar ‘Identifying new trends in industrial park development’ on Monday to discuss, […]
Read MoreMANILA, Philippines — New York-based Global Source Partners raised its 2021 inflation forecast to 4.4 percent from the original target of 4.1 percent as food prices are expected to remain elevated until the end of the year. Former finance undersecretary Romeo Bernardo, economist at Global Source, said this year’s projection was revised after the headline […]
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Thailand
