MANILA, Philippines — Industry revenues contracted by 4.9 percent in the first quarter as steep declines in earnings were seen in mining and manufacturing, the Philippine Statistics Authority (PSA) reported yesterday. The 4.9 percent decline in the Gross Revenue Index was a reversal of the 8.3 percent growth in the same quarter last year. Among […]
Read MoreIndonesia’s debt will swell significantly next year as the government increases spending to help the country recover from the COVID-19 pandemic, an official has said. The Finance Ministry’s Fiscal Policy Agency head Febrio Nathan Kacaribu said that Indonesia’s debt-to-gross domestic product (GDP) ratio would swell to between 33.8 percent and 35.8 percent next year, up […]
Read MoreThe first batch of 500 live pigs from Thailand arrived at Lao Bao border gate in Quang Tri province on June 17, after a decline in hog prices in Viet Nam. According to the Ministry of Agriculture and Rural Development (MARD), the pigs are currently carrying out quarantine procedures in Nghe An Province. Thanh Do […]
Read MoreCambodia Airports, which has been developing three international airports in the country, is looking forward to seeing travellers back in the Kingdom despite strict government health measures and a prolonged suspension of tourist visas to foreigners France’s VINCI Airports, which is a shareholder of 70 percent of Cambodia Airports, said that the situation has slightly […]
Read MoreThe Bank of Thailand has announced a project to develop a prototype payment system for businesses using the Central Bank Digital Currency (CBDC), which will build upon knowledge from Project Inthanon. The project’s scope will include conducting a feasibility study and developing a process to integrate CBDC with companies’ payment platforms, the central bank said […]
Read MoreThe Hanoitimes – The country would remain the fastest growing economy in Southeast Asia, which is expected to bounce back to 6.8% in 2021. Due to the complicated progression of the Covid-19 pandemic globally, the Asian Development Bank (ADB) has revised down Vietnam’s GDP growth forecast to 4.1% for this year from the previous 4.8%. The […]
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