The country risks fuelling the decade-high unemployment rate and household debt with the imposition of lockdown-like measures to contain the deadliest Covid outbreak, according to some economists. The greater Bangkok area, accounting for about 50% of gross domestic product, will shutter shopping malls, spas, massage and beauty clinics for at least two weeks starting Monday. […]
Read MoreSINO-SINGAPORE collaboration will continue to strengthen, despite disruptions that have been brought on by the pandemic, said Minister for Health Ong Ye Kung at the FutureChina Global Forum on Monday. In his speech, Mr Ong outlined several points for deeper bilateral collaboration as China further develops the Guangdong-Hong Kong-Macau Greater Bay Area (GBA) and the […]
Read MoreLow vaccination rates and rising Coronavirus cases are likely to hurt a nascent revival in regional economies, according to some of the world’s leading banks. HSBC has cut its annual growth forecast for Vietnam to 6.1 percent this year, from an April estimate of 6.6 percent expansion. In January, the bank predicted 7.6 percent growth. […]
Read MoreJAKARTA (BLOOMBERG) – Bank Indonesia could begin tightening monetary policy next year, including potential moves on interest rates, if the economic recovery remains on track and policymakers see signs of inflation. The bank’s exit strategy is to gradually reduce liquidity in the financial system “and then later, the end of next year, maybe some interest […]
Read MoreMANILA, Philippines — The slower than expected inflation in June should give the Bangko Sentral ng Pilipinas (BSP) some room to adjust rates to support economic recovery. In its weekly outlook, London-based Capital Economics insisted that the BSP would resume its easing cycle by September. The market consensus expects the central bank to keep rates […]
Read MoreKUALA LUMPUR: Malaysia will downgrade its economic growth outlook this year, according to the country’s finance minister, signaling that it could see expansion around 4%. While there is optimism the spread of Covid-19 can be contained and lockdowns can be eased, the government still expects to lower its gross domestic product outlook for this year, […]
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Thailand
