THE national government’s proposed benchmark-sized euro bond offering has secured investment grade ratings by international debt watchers. In a statement released on Tuesday, S&P Global Ratings said it assigned a “‘BBB+’ long-term foreign currency rating to the proposed benchmark-size euro-denominated senior unsecured notes to be issued by the Philippines (BBB+/Stable/A-2).” Moody’s Investors Service, meanwhile, said, […]
Read MoreThe research centre said the downgrade came despite positive factors such as the upswing in exports as well as current and future government remedial measures. KResearch said the third wave of Covid-19, which emerged late last month, would impact previous predictions of 2 million foreign tourist arrivals this year. It pointed out that Thailand’s vaccination […]
Read MoreThe Cambodian Rice Federation (CRF) has appealed for understanding and patience from all stakeholders, especially the buyers, as rice exporters and millers have been facing transport problems due to lockdown. In order to control the spread of COVID-19, the Royal Government of Cambodia has issued a lockdown order on the whole of Phnom Penh capital […]
Read MoreBangkok has fallen 19 places to the 49th most expensive location worldwide for international executive-standard accommodation, according to ECA International, a provider of information and software for the assignment of employees around the world. The decline reflects the severe impact that the Covid-19 pandemic has had on the rental market in the tourism-reliant Thai economy, […]
Read MoreThe Garment Manufacturers Association in Cambodia (GMAC) on Monday called on all stakeholders not to punish its members if they could not honor their delivery schedules because their production has been halted due to a COVID-19 lockdown. The Cambodian government has imposed a 14-day lockdown in the capital city Phnom Penh and its adjacent Ta […]
Read More(Bloomberg) — Indonesia’s central bank left its benchmark interest rate unchanged, and cut its outlook for economic growth, as it seeks to support an uneven recovery as foreign outflows pressure the country’s currency. Bank Indonesia kept the seven-day reverse repurchase rate at a record low of 3.5% on Tuesday, as expected by all 35 economists […]
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Thailand
