Public debt is anticipated to increase rapidly in 2022-2024, exceeding the VND4 quadrillion threshold and getting closer to VND5 quadrillion. The Ministry of Finance (MOF) is collecting opinions for the state budget estimates in 2022, which the Government will submit to the NA. The estimated budget collection in 2021 is VND1.34 quadrillion, while VND1.077 quadrillion […]
Read MoreForeign business confidence has recovered, as foreign investors are feeling upbeat about the country’s prospects boosted by the government’s announcement to reopen the country to inoculated foreign tourists early next month and an increase in vaccine coverage. The foreign business confidence index (FBCI), which gauges foreign business sentiment in Thailand, stood at 41.7 in the […]
Read MoreMANILA, Philippines — Inflation will likely remain a problem in the Philippines over the remaining months of the year and will weigh on consumer confidence that is just starting to recover from pandemic disruptions. As the global economy emerges from lockdowns, the Philippines was not spared from elevated inflation that’s also worrying many countries amid […]
Read MoreSINGAPORE (THE BUSINESS TIMES) – Business optimism among local firms remained positive into the final stretch of 2021, although manufacturers’ optimism has receded quarter on quarter, even as firms in the services sector took a rosier outlook. A net weighted balance of 16 per cent of manufacturers expect conditions to be better for the next […]
Read MoreKUALA LUMPUR, Malaysia (AP) – Malaysia’s government on Friday proposed record spending for 2022 to bolster post-pandemic economic recovery, with various industrial incentives and cash handouts for the poor and windfall taxes for high-income companies. Finance Minister Zarful Aziz put forward in Parliament the budget proposal of 332.1 billion ringgit ($80.2 billion), up from 320.6 […]
Read MoreThe Fiscal Policy Office (FPO) has downgraded its forecast of Thai economic expansion this year to an average 1% from the previously predicted 1.3% mainly as a result of the resurgence of the Covid-19 pandemic in April, which severely impacted the country in the third quarter. The state agency’s director-general Pornchai Thiraveja said Thailand’s economy […]
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Thailand
