Thai household debt rose to 80.1 per cent of gross domestic product in the first quarter of this year, up from 50.4 per cent in 2009, according to a study. The high debt has adversely impacted economic growth while the Covid-19 outbreak has made it more challenging to solve the household debt problem and they […]
Read MoreHANOI, Vietnam — Vietnam’s economic growth picked up in the third quarter, boosted by a rally in exports as the country slowly emerges from a virus-induced slowdown. Vietnam has long been one of Asia’s fastest growing economies, and it is heavily reliant on exports, particularly after reaping the benefits of a trade spat between Washington […]
Read MoreMANILA, Philippines — The Philippine economy is expected to start recovering in the second quarter of next year after the country imposed the longest and strictest lockdowns to contain the spread of COVID-19, according to Fitch Solutions Country Risk & Industry Research. Michael Langham, senior analyst for Asia at Fitch Solutions, said during the Asia […]
Read MoreCITI will open its largest wealth hub globally in Singapore in December, tapping into growing wealth with a safely-distanced personal touch. The new wealth hub at 268 Orchard can house more than 300 relationship managers and product specialists, and features built-in facilities to host tailored lifestyle events for clients, as well as investment seminars. Officially […]
Read MoreEconomic recovery momentum during July and August suggests the economy could contract less in the third quarter than the previous period, says the Fiscal Policy Office (FPO). Although economic conditions in August were still sluggish, the recovery momentum continued based on several economic indicators, said FPO adviser Wuttipong Jittungsakul. Private consumption improved through a lower […]
Read MoreKUALA LUMPUR: Malaysia’s trade surplus expanded 19.7% on a year-on-year (y-o-y) basis to RM13.23bil in August as higher exports of electrical and electronic (E&E) and rubber products cushioned the decline in overall exports. Exports fell 2.9% y-o-y to RM79.14bil, according to the Ministry of International Trade and Industry (Miti), which underperformed the median estimate of […]
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Thailand
