PETALING JAYA: Prices of various commodities have been on the rise, and as a producer of some of these commodities, Malaysia is a beneficiary of the price uptrend through higher proceeds from exports. This should also translate into a stronger ringgit, giving a boost to the currency that has largely traded sideways above the RM4.10 […]
Read MoreMoody’s yesterday reaffirmed Cambodia’s B2 credit rating as the country anticipates lifting curfew measures instituted last month to curtail the spread of the pandemic. The ratings agency said that it expects 2.9 percent gross domestic product (GDP) growth after last year’s contraction. However, it noted that pre-pandemic growth will not be reached until at least […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has reduced its GDP growth forecast to 0.5-2% due to the severe impact of the third Covid-19 outbreak despite bright export prospects this year. Even the state’s plan to reopen Thailand by allowing vaccinated foreign tourists to visit Phuket without quarantine later this year may […]
Read MoreA global chip shortage is creating more pressure for manufacturers in Vietnam as they deal with slowed-down production for electronics and tech products, while local and overseas players are racing to prepare new premises for the production of much-needed supply. Last week, Vingroup officially announced the shutdown of VinSmart, its smartphone and TV production arm, to […]
Read MoreUS credit rating agency Moody’s Investors Service said Wednesday it was maintaining its B-2 rating and stable outlook for the Government of Cambodia. “The stable outlook balances vulnerability to shocks stemming from what we view as a temporary disruption in growth, high dollarisation and potential financial vulnerabilities; against strong growth potential, robust government revenue generation […]
Read MoreMANILA, Philippines — Infrastructure spending of the Duterte administration grew in March, although the turnout was slower compared to the preceding month as pandemic restrictions continued to block building activities. The national government spent P107 billion in capital outlays in March, up 37.4% year-on-year, the budget department reported Thursday, a result which was slower than […]
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