MANILA, Philippines — The national government’s outstanding debt, as a share of the economy, remained within alarming levels in 2022, keeping the threat to the country’s creditworthiness. The Philippines’ debt-to-GDP ratio, a gauge of the government’s ability to settle its liabilities, settled at 60.9% in 2022, the Department of Finance reported Thursday. This was notably a better showing than […]
Read MoreSINGAPORE’S property market is bracing for surging demand from Chinese buyers as the world’s second-largest economy reopens. Real estate agencies in the city-state have seen more inquiries from mainland Chinese, with industry watcher OrangeTee & Tie noting a 10 per cent to 15 per cent increase in January since Beijing announced it was ending three […]
Read MoreGasoline consumption and imports in Indonesia, Asia’s largest importer of the motor fuel, could hit records this year as the nation recovers from COVID-related travel curbs, although growth is expected to slow slightly along with its economy. A spike in Indonesian imports would tighten the regional gasoline market and likely boost Asian refinery margins for […]
Read MoreThe Economic Intelligence Centre of the Siam Commercial Bank forecasts the CLMV countries, namely Cambodia, Laos, Myanmar and Vietnam, will gain a stronger growth momentum in 2023, but remain below its growth potential prior to the COVID-19 outbreaks. The rebound will be uneven across countries, depending on economic fundamentals and country-specific risks, the centre said […]
Read MoreVietnam is predicted to record a rise of 6.6% in industrial production in 2023, according to S&P Global Market Intelligence. S&P Global noted the Vietnamese manufacturing sector continued to face challenging business conditions in the opening month of 2023. Production and new orders continued to decline. That said, there were some signs of improvement in […]
Read MoreResidents, markets, and restaurants of Laos struggle to afford meat, particularly pork and beef, as prices continue to rise. According to a report by the Laos Statistics Bureau, pork prices increased from LAK 49,985 per kilogram in January to LAK 70,366 per kilogram in December of last year – a 40 percent increase. For addition, beef […]
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Thailand
