MANILA, Philippines — Pre-election tensions may derail policymaking and reforms, further hampering the country’s recovery from the pandemic-induced recession, according to Fitch Solutions Country Risk & Industry Research. In a commentary titled “Philippines’ Political Jostling Ahead of 2022 Elections A Threat To Policymaking,” Fitch Solutions said it has lowered the Philippines’ short-term political risk index […]
Read MoreThe General Department of Customs and Excise earned $1.5 billion as revenue in the first eight months this year, representing 64.2 percent of yearly plan. The figures were shared by Kun Nhim, Director General of Customs and Excise in a recent virtual conference on vehicle import duty. Imports of cars, machinery, motorcycles and other vehicles […]
Read MoreKUALA LUMPUR: Malaysia’s cabinet has proposed raising the government’s statutory debt ceiling to 65% of gross domestic product, as part of measures to deal with the economic fallout of the Covid-19 pandemic, the finance minister said on Tuesday. This is the second time in as many years that the government has sought to raise its […]
Read MoreSINGAPORE – Local companies’ business confidence improved further for the fourth quarter amid resilient demand and a positive outlook for manufacturing and the financial services sectors, according to a survey out on Tuesday (Sept 14). However, the outlook for the construction and transportation sectors remained downbeat. The overall Business Optimism Index (BOI) rose to +5.78 […]
Read MoreMANILA, Philippines — Infrastructure spending of the Duterte administration inched up on an annual basis in July, but dipped considerably from the previous month even as pandemic curbs were more relaxed back then. The national government spent P87.7 billion in capital outlays in July, up 22.2% year-on-year, data from the Department of Budget and Management […]
Read MoreSINGAPORE – Demand for resale non-landed private homes remained robust in August, with prices climbing and more units changing hands despite the Hungry Ghost Festival when sales typically slow down. Condominium resale prices climbed 0.5 per cent month on month, albeit at a slower pace than the revised 0.9 per cent jump in July, according to […]
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Thailand
