MANILA, Philippines — The national government incurred a budget shortfall past the P1-trillion mark in the 11 months to November amid slower revenue generation and higher spending due to COVID-19 response programs, the Bureau of the Treasury (BTr) said yesterday. Latest data from the BTr showed the national government’s fiscal deficit from January to November […]
Read MoreThe Hanoitimes – The portal is a way the Vietnamese government support local enterprises and people in approaching the free trade agreements to which Vietnam is a signatory. The Vietnam Free Trade Agreement Portal (FTA Portal) was launched at fta.moit.gov.vn, jointly held by the Ministry of Industry and Trade, the World Bank and relevant agencies on December […]
Read MoreKUALA LUMPUR: Prolonged lockdowns and social distancing measures are forecast to cap global gross domestic product (GDP) growth this year, making it unlikely that a return to pre-Covid-19 economic growth and trade activity to take place before late 2021. In South-East Asia, growth would likely be constrained by social distancing measures but restrictions would continue […]
Read MoreWith uncertainties and downside risks remaining, the Bank of Thailand has slashed the country’s GDP growth outlook for next year by 0.4 percentage points, attributed chiefly to an anticipated delay in tourism recovery. GDP growth was lowered to 3.2% from 3.6% projected previously as the impact of a prolonged outbreak abroad and a new outbreak […]
Read MoreResidential real estate prices in the country slipped by 0.4 percent year-on-year in July to September, while it contracted 14.1-percent quarter-on-quarter, data from Bangko Sentral ng Pilipinas (BSP) showed. BSP on Wednesday said the negative year-on-year growth of the Residential Real Estate Price Index (RREPI) in the third quarter is its first since beginning the […]
Read MoreThe Hanoitimes – The banking system has been providing support for 590,000 customers, mainly in forms of debt restructuring or freezing and waiving debt payment with outstanding loans worth over VND1,000 trillion (US$43.31 billion). Vietnam’s credit growth as of December 21 is estimated at 10.14% against the end of last year and up 11.62% year-on-year. Vice […]
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