KUALA LUMPUR: S&P Global Ratings (S&P) may revise Malaysia’s outlook to “stable” from “negative” over the next 24 months if the economy grows considerably faster than what it had forecast through stronger fiscal performance. Sovereign and International Public Finance Ratings director Andrew Wood said the rating agency also expects the nation’s economy to see a […]
Read MoreWith the new cluster of COVID-19 infections, Cambodian consumer behaviour is likely to follow countries that experienced the pandemic more severely last year, according to data and artificial intelligence company, ADA. Hubert Marchand, ADA’s country director in Cambodia, said that as a multi-national company, his firm is privileged to datasets from nine markets, allowing it […]
Read MoreWASHINGTON, United States — The World Bank on Thursday announced financing for Afghanistan, Bangladesh and Nepal to vaccinate their populations against Covid-19. Afghanistan will receive $113 million — including $60 million from the International Development Association (IDA), part of the Washington-based development lender that helps the world’s poorest nations — to “deploy safe and effective […]
Read MoreThe Philippines may incur a lower balance of payments (BoP) surplus this year, according to the Bangko Sentral ng Pilipinas (BSP). Data shared by central bank Governor Benjamin Diokno showed on Thursday that the BSP now anticipates a $6.2-billion BoP surplus this year, equivalent to 1.6 percent of the country’s gross domestic product (GDP). The […]
Read MoreThailand has an opportunity to become an aviation and logistics hub, thanks to its prime location in central Southeast Asia and infrastructure development in the Eastern Economic Corridor (EEC), but the country needs to adjust to the pandemic crisis. The severe impact of the pandemic on aviation and tourism firms as well as a delay […]
Read MoreKUALA LUMPUR: The International Monetary Fund (IMF) expects Malaysia’s economy to recover in the remainder of 2021, with inflation and the current account balance normalising over the medium term. In its country report, it said growth was projected to rebound to 6.5% this year, underpinned by a strong recovery in manufacturing and construction, and supported […]
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