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Philippines: CA surplus to narrow as economy recovers

MANILA, Philippines — The Philippines’ current account surplus may narrow over the next few years as the country recovers from the pandemic-induced recession, according to S&P Global Ratings. The debt watcher said the surplus may narrow to 2.3 percent of gross domestic product (GDP) this year, 1.2 percent in 2022 and 0.1 percent in 2023 […]

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Thailand: Emergency Covid loan approved by big margin

MPs on Thursday voted 270-196 to allow the government to borrow 500 billion baht for various Covid-19 projects. About 300 billion baht will go towards relief schemes for people across various sectors, 30 billion baht on medical supplies, drugs, vaccines and research, and the rest for social and economic rehabilitation schemes. All loan contracts must […]

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