PETALING JAYA: Although the domestic economy is poised for a stronger expansion next year, there are potential headwinds that should not be discounted which may hamper its growth. Among them are the transition into the endemic phase of Covid-19 which could pose a health risk, a slowdown in the global economy due to supply chain […]
Read MoreThailand could achieve 1.3% economic growth this year, as forecast by the Fiscal Policy Office (FPO), said Pisit Puapan, director of the Bureau of Macroeconomic Policy. Factors to watch in the final quarter this year include the performance of the export sector, domestic spending, and the results of the government’s stimulus packages. If all these […]
Read MoreThe Ministry of Economy and Finance’s taxation and customs departments earned $3.810 billion in revenue in the first nine months of this year, declining by 6.4 per cent year-on-year as the prolonged Covid-19 crisis continues to undermine collection efforts. In the January-September period, the General Department of Customs and Excise (GDCE) reported $1.6991 billion in […]
Read More(Bloomberg) — Indonesia’s finance minister narrowed her projection for the budget deficit this year and next, as an economic rebound, tax reforms and rising commodity prices lead to higher revenue. The fiscal gap is set to reach 5.3% to 5.4% of gross domestic product in 2021, compared with an earlier estimate for 5.8%, Finance Minister […]
Read MoreSINGAPORE exports rose for the 10th straight month in September, beating private-sector analysts’ expectations to expand by 12.3 per cent year on year. Non-oil domestic exports (NODX) growth picked up from the 2.7 per cent expansion in August and also came in ahead of the estimate of 8.7 per cent in a Bloomberg poll, data […]
Read MoreVietnam’s growth prospects remain much dependent on the effectiveness of vaccination programs, restriction measures, and the implementation of supporting policies. Vietnam’s GDP is likely to expand by 1.8% in 2021 following the recent fourth Covid-19 outbreak that forces major cities in the country into lockdown for months. Construction and industry would be the main driving […]
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