Thailand’s economic recovery is expected to take longer than previously anticipated, mainly due to the drastic decline in foreign tourist numbers, says the Bank of Thailand. The central bank slashed its GDP growth forecast for 2021 from 5% to 3.6% as the pandemic continues to hamper international travel. The central bank has revised down its […]
Read MoreMalaysia is in for a bumpy recovery said DBS economist Irvin Seah in a note on Wednesday. Malaysia’s GDP growth in 2020 is expected to slump to -5.5 per cent, the worst since the Asian Financial Crisis (-7.4 per cent). That being said, with the impending global recovery and the low base this year, GDP […]
Read MoreProfessor, Doctor Pham The Anh talks on the proposal to reduce 30 per cent of income tax for all Vietnamese amid the pandemic. Do you support the proposal to cut down 30 per cent of income tax for all Vietnamese enterprises by the Board for Private Economic Development Research? Frankly speaking, I don’t support the proposal. I remember […]
Read MoreAn Australia-based research body sees a stable Philippine peso for the rest of the year, but warned that the currency may weaken once domestic demand picks up next year. In a report on Wednesday, ANZ Research projected the local unit to end 2020 at P48.40:$1, stronger than its P50.63:$1 finish in 2019. The peso is […]
Read MoreMany Japanese groups are investing in Vietnamese enterprises instead of setting up their production and business facilities in Vietnam. ENEOS Corporation has spent VND650 billion to acquire 13 million shares of Petrolimex (PLX), the largest petroleum distributor in Vietnam with 60 percent of market share, at the price of VND50,000 per share. The transaction was […]
Read MoreBank Indonesia (BI) will maintain its accommodative monetary policy to help the economy recover from a projected annual economic contraction this year, the country’s first such contraction since the 1998 Asian financial crisis, a central banker said on Wednesday. BI deputy governor Dody Budi Waluyo said the country’s economic recovery had been limited to certain […]
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