World Bank’s new forecast analysis show that Cambodia’s economic growth this year will go down to 2.2 percent, but will recover to 4.5 percent next year, and 5.5 percent in 2023. Cambodia is experiencing a resurgence of COVID-19 cases which has slowed the recovery, especially of the service, construction, and real estate sectors. The growth […]
Read MoreKUALA LUMPUR : Malaysia is targeting a reduction in its fiscal deficit to 3.5per cent by 2025, the finance ministry said on Thursday. The government remains committed to fiscal consolidation in the medium term, and it has to be more robust than previously planned, the ministry said in a statement. Malaysia had earlier forecast a […]
Read MoreSINGAPORE (REUTERS) – Singapore’s central bank is expected to leave monetary policy on hold at its October review, analysts say, as the highly transmissible Covid-19 Delta variant spreads locally and across the world, threatening the pace of economic recovery. All 11 economists in a Reuters poll this week expect the Monetary Authority of Singapore (MAS) […]
Read MoreVietnam’s economic growth this year is expected to slow down due to a resurgence of COVID-19 that has tightened the labour market, lowered industrial output, and disrupted agricultural value chains. The slowdown in the economic recovery has earned Vietnam lower-than-expected growth forecasts from some high-profile international organisations – but one of the key solutions will […]
Read MoreMANILA, Philippines — The government’s debt load continued to pile up in August to hit a record high, as the state ramps up its borrowings to make up for dismal revenues amid a pandemic-induced economic weakness. What’s new The state’s outstanding liabilities stood at P11.64 trillion in August, up by 0.27% month-on-month, the Bureau of […]
Read MoreThe cabinet has given approval for land expropriation in five districts in northern Bangkok to make way for the construction of a new six-lane bridge crossing the Chao Phraya River. The cabinet agreed to expropriate land in Bang O area of Bang Phlat district, along Nakhon Chai Si Road in Dusit district and the Bang […]
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Thailand
