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S&P revises Thailand’s ratings to stable on Covid-19 jitters

S&P Global Ratings has revised its outlook on Thailand to stable from positive on Covid-19 uncertainty, with a possible downgrade given heightening political uncertainty and persistent sluggish economic recovery. The firm, however, affirms the country’s BBB+ long-term and A-2 short-term foreign currency sovereign credit ratings. “We are revising our outlook on Thailand to stable from […]

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Laos Extends Lockdown Until 03 May

Prime Minister Thongloun Sisoulith has moved to prolong Prime Ministerial Order 06/PM, effectively extending the lockdown period for Laos until 3 May. “The situation regarding Covid-19 has the potential for further spread with 19 cases of infection now confirmed in Laos,” said Prime Minister Thongloun in a statement to the press today. “One patient has […]

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Malaysia – Moody’s: Stimulus package to leave govt with wider fiscal deficit

KUALA LUMPUR, April 15 — While the series of economic stimulus package announced by the government will support domestic demand and economic growth, the package also leaves the government with a wider fiscal deficit at least for 2020, says Moody’s Investors Service. Moody’s said that the package would also increase the government’s fiscal consolidation challenge over the next few years, particularly […]

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Vietnam PM approves customs cooperation agreement with US

The Hanoitimes – The agreement would protect lawful rights of the business communities in Vietnam and the US, promoting greater trade relations. Prime Minister Nguyen Xuan Phuc has signed a resolution approving the Customs Mutual Assistance Agreement (CMAA) between Vietnam and the US which aims to further strengthen bilateral cooperation on security and the facilitation of […]

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Thailand: Auto parts sector shrivels

The auto parts industry club under the Federation of Thai Industries (FTI) expects the parts sector to continue shrinking as car factories close or cut production and global purchasing power weakens. The club is considering a downgrade to forecasts for sales value and auto parts volume in 2020. Pinai Sirinakorn, chairman of the auto parts […]

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