Business confidence fell to a 26-month low in February as the outbreak sapped sentiment from any economic recovery and sparked concerns about the impact on people’s daily lives. The Thai Chamber of Commerce confidence index, a gauge of nationwide business sentiment, dropped from 29.8 in January to 29.6 in February — the lowest level since […]
Read MoreMANILA, Philippines — The country’s gross international reserves (GIR) is expected to hit a record high of $114 billion this year and $117 billion next year, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno. The GIR, the sum of all foreign exchange flowing into the country that serves as buffer to ensure it […]
Read MoreChinese companies are seeking to lease up to almost 5,000 hectares of land in Vientiane Capital to establish durian plantations. According to Produce Report, the Chinese companies are interested to establish durian plantations aimed at exporting the fruit back to China. Chinese farmers have begun to grow various fruits in Laos for export back to China. […]
Read MoreThe drivers of the positive outlook include signs of improvements in fiscal strength and potential improvements in economic strength that may strengthen Vietnam’s credit profile over time. Moody’s Investors Service on March 18 affirmed the Government of Vietnam’s long-term issuer and senior unsecured ratings at Ba3 and changed the outlook to positive from negative. “The […]
Read MoreKUALA LUMPUR: S&P Global Ratings (S&P) may revise Malaysia’s outlook to “stable” from “negative” over the next 24 months if the economy grows considerably faster than what it had forecast through stronger fiscal performance. Sovereign and International Public Finance Ratings director Andrew Wood said the rating agency also expects the nation’s economy to see a […]
Read MoreWith the new cluster of COVID-19 infections, Cambodian consumer behaviour is likely to follow countries that experienced the pandemic more severely last year, according to data and artificial intelligence company, ADA. Hubert Marchand, ADA’s country director in Cambodia, said that as a multi-national company, his firm is privileged to datasets from nine markets, allowing it […]
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Thailand
