Cambodia was one of the largest recipients of worker remittances among emerging economies in the East Asia and Pacific region in 2020, according to a World Bank report. It ranked eighth in the region behind China ($59.5 billion), the Philippines ($34.9 billion), Vietnam ($17.2 billion), Indonesia ($9.7 billion), Thailand ($8.3 billion), Myanmar ($2.2 billion) and […]
Read MoreThe economic recovery in Indonesia is underway with support from government spending and exports. Further economic momentum will be dependent on private consumption, but if consumer inflation and labor market data are any indication, households are not yet ready to carry the economy and may feel the economic recovery is passing them by. The government […]
Read MoreMANILA, Philippines — Further amendments to the mandated loan threshold for the agriculture and agrarian reform activities will push the country into the next stage of development post-pandemic, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno said monetary authorities are pushing for the amendments to Republic Act 10000 or the Agri-Agra Reform […]
Read MoreThe Bank of Thailand is set to announce phase 3 of its debt restructuring measures for individual borrowers on Friday to help ease hardships stemming from the impact of the third wave of Covid-19. Ronadol Numnonda, deputy governor for financial institutions stability, said the central bank plans to offer financial aid to borrowers on a case-by-case […]
Read MoreVietnam ranks 70th among 190 economies in this year’s Doing Business 2020 report released by the World Bank (WB). One year earlier, it ranked 69th, and in 2018, it was 68th. Phan Duc Hieu, deputy head of the Central Institute of Economic Management (CIEM), noted that at an ASEAN conference on business environment held in […]
Read MoreMANILA, Philippines — The Philippines risks losing gains made in recovering jobs lost during the pandemic if it fails to accelerate the vaccination program and resume economic activities on all fronts, economists said yesterday. University of the Philippines economics professor Ramon Clarete said the 4.2 percent decline in first quarter gross domestic product (GDP) may […]
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