JAKARTA : Indonesia’s president on Monday proposed a US$188 billion budget for 2022 with a narrowing fiscal deficit and higher growth targets, but some analysts warn uncertainties over the COVID-19 pandemic could push the budget plans off the rails. In his budget speech, President Joko Widodo told parliament the theme of next year’s budget would […]
Read MoreThe Tourism Authority of Thailand (TAT) is asking the Centre for Covid-19 Situation Administration (CCSA) to approve the so-called 7+7 model allowing tourists to stay in Phuket for seven days before visiting other locations. Thanakorn Wangboonkongchana, a secretary attached to the Prime Minister’s Office, said on Saturday the TAT has come up with the so-called 7+7 […]
Read MoreExperts have called on Vietnam to enhance its legal framework to promote the development of the digital economy to attract investment and improve its competitiveness. Speaking at an online conference this week, Prof Dr Tran Viet Dung, dean of the international law faculty at the HCM City University of Law, said with the boom in […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) expects the third quarter economic performance to take a hit from the revert to lockdown in select areas. In an economic bulletin, Finance Undersecretary and chief economist Gil Beltran admitted that the 11.8 percent gross domestic product growth in the second quarter was mainly due to a […]
Read MoreSINGAPORE – Personal debt among young adults here has been rising during the Covid-19 pandemic, and the situation could worsen once interest rates start to rise. Credit Bureau Singapore data showed that while credit card borrowing showed no significant variation, people in their 20s have been taking on increasing amounts of other debt since the […]
Read MoreIn the first half of 2021, Vietnam in general achieved considerable growth targets in the context of a stable macro environment. However, impressive yet elusive figures representing GDP (Growth Domestic Product) fail to paint the realistic picture of the hardships currently endured by both businesses and the people as Covid-19 outbreaks have continued to devastate […]
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