Most hotel operators in Thailand only have enough funds to last them for less than three months, a survey conducted by the Thai Hotels Association (THA) showed. THA president and hotelier Marisa Sukosol Nunbhakdi said the survey – in cooperation with the Bank of Thailand – was conducted between June 14 and 27 on more […]
Read MoreThe ongoing Covid-19 outbreak is threatening to hinder the export sector from achieving its 8%-10% growth target as more factories are hamstrung by rising infections, says the Federation of Thai Industries (FTI). Kriengkrai Thiennukul, vice-chairman of the FTI, said disease transmission is affecting production capacity and will eventually mar plans to export goods. Some production […]
Read MoreVietnam was named among the world’s top 20 host economies for foreign direct investment (FDI) for the first time in 2020 with an inflow of 16 billion USD. The country was up five places against last year’s ranking to reach 19th on the list, according to UN Conference on Trade and Development (UNCTAD)’s World Investment […]
Read MoreINFLATION in Singapore is expected to remain unchanged for the year, with more Singaporeans believing Covid-19 will have a significant impact on inflation rates, according to the latest quarterly survey results of the Singapore Index of Inflation Expectations (SInDEx). The survey, published jointly by DBS and the Singapore Management University (SMU), is derived from an […]
Read MoreKUALA LUMPUR: Fitch Ratings has affirmed Malaysia’s long-term foreign currency issuer default rating (IDR) at “BBB+” with a stable outlook. In a note released today, Fitch said Malaysia’s economy is gradually recovering from a contraction of 5.6 per cent in 2020 caused by the COVID-19 pandemic even though social distancing measures have been tightened over […]
Read MoreMANILA, Philippines — The peso can survive the havoc on currencies brought about by the monetary impact of the pandemic, due to the country’s strong fundamentals, a top finance official said. Finance Undersecretary and chief economist Gil Beltran said much work, however, needs to be done to make sure investors sustain their interest in the […]
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