Vietnam’s public debt in the 2017-2021 period decreased dramatically from 61.4% of its GDP to 43.1%, according to the latest information released by the Ministry of Finance. Government debt, government-guaranteed debt and local government debt also decreased. Specifically, government debt, government-guaranteed debt and local government debt dropped from 51.7%, 9.1%, and 1.1% of GDP in […]
Read MoreGlobal steel prices, which soared as a result of the Russia-Ukraine war, have declined following lower demand for steel in China and an increase in steel imports into Asia from Russia, says the Federation of Thai Industries (FTI). Price fluctuations have eased since June, with steel prices in the Asian market falling by 3.2-4.9% in June […]
Read MoreMANILA, Philippines — Most consumers in the Philippines are skeptical of sustainability claims of fashion items and do more research before buying the item, a study from Milieu Insight showed. Based on a survey conducted by the consumer research and analytics firm last June, 60 percent of Filipino consumers said they would research more about […]
Read MoreMANILA, Philippines — Foreign banks expect more, but less aggressive rate increases from the Bangko Sentral ng Pilipinas (BSP) as the regulator sustains its tightening bias to tame the red-hot inflation. ANZ chief economist for Southeast Asia Sanjay Mathur and economist Debalika Sarkar said the tightening cycle by the BSP is likely to extend until […]
Read MoreINDONESIA’S president may announce a fuel price hike next week to reduce spending on energy subsidies, senior minister Luhut Pandjaitan said on Friday(Aug 19). South-east Asia’s largest economy has tripled its 2022 energy subsidy budget to 502 trillion rupiah (S$46.9 billion) amid rising oil prices and a depreciating rupiah. President Joko Widodo said earlier this week […]
Read MoreTHAILAND saw 3.78 million tourist arrivals from January to Aug 17, a government official said on Friday (Aug 19). The arrivals, mainly from Malaysia, India and Singapore, generated revenues of 176 billion baht (S$6.8 billion), said Taweesin Visanuyothin, a spokesperson for the government’s Covid-19 taskforce. Thailand will extend the duration of its visa-on-arrival, which applies […]
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