The 17th China-ASEAN Expo (CAEXPO) which concluded yesterday saw ASEAN officials and businessmen call for deepening regional cooperation and free trade. “The signing of the landmark Regional Comprehensive Economic Partnership (RCEP), the world’s biggest trade pact, will further facilitate free trade,” said senior ASEAN officials and businessmen. CAEXPO was held starting November 27 in Nanning, […]
Read MoreGOVERNMENTS with weak social systems and limited scope to raise fiscal spending amid the Covid-19 pandemic could face challenges in tackling income inequality, with Indonesia, Malaysia and the Philippines out in this regard, a report by Moody’s Investors Service said on Tuesday. Although economic growth in the Asia Pacific region has outpaced that in other regions […]
Read MorePETALING JAYA: It is important for some countries to open their borders to support trade and recovery, although the shape and nature of recovery among the individual Asean members remain uncertain and can vary by country, senior fellow at Yusof Ishak Institute (ISEAS) in Singapore Dr Jayant Menon told a webinar. Dividing Asean’s Covid-19 pandemic […]
Read MoreSOUTH-EAST Asia’s external position is solid enough to sustain a prolonged expansionary fiscal stance, which also means policymakers can continue to run larger budget deficits and debt levels over the next few years, without causing any macroeconomic instability, a report by ANZ Research suggested on Monday. While large fiscal stimulus programmes have provided a critical backstop to […]
Read MoreGovernment-sponsored development banks of Japan, China and the Republic of Korea signed an agreement with major financial institutions in the Association of Southeast Asian Nations (ASEAN) to boost inter-bank cooperation during the ASEAN Plus Three Summit held virtually on November 14. ASEAN participants in the scheme include Canadia Bank Plc. of Cambodia, PT Bank Mandiri […]
Read MoreUNEVEN economic growth in Asia is likely to persist for some time, while it is uncertain if the current recovery in some Asian economies may be sustained. Such a scenario points to various vulnerabilities arising from record budget deficits, rising debt levels, geopolitical risks and uncontrollable virus infections. Malaysia’s economy may have posted a smaller […]
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Thailand
