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Philippines risks double-dip recession

MANILA, Philippines — The renewed tighter restrictions in the capital due to surging COVID-19 cases may put the Philippine economy at risk of a double-dip recession, a global think tank said, but the government maintained that the economy remains on track for recovery and growth. In its latest economic monitor, UK-based Pantheon Macroeconomics said the […]

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Thailand: SEC prepares wallet for digital assets

In collaboration with 14 state agencies, the Securities and Exchange Commission (SEC) is planning to create a “government digital wallet” to store all digital assets seized or frozen by the state as proceeds of crime in order to make the assets more secure. The wallet will also improve the SEC’s efficiency in enforcing the Digital […]

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Malaysia: Near-term economic prospects remain upbeat

KUALA LUMPUR: Malaysia’s near-term economic prospects remain upbeat as the country’s Leading Index (LI) increased by 8.2%, underpinned by healthcare and transportation, and as more people get vaccinated. The Statistics Department said on Wednesday the LI, which is a predictive tool used to anticipate economic upturns and downturns in average of four to six months […]

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