MANILA, Philippines — The Philippines’ current account surplus may narrow over the next few years as the country recovers from the pandemic-induced recession, according to S&P Global Ratings. The debt watcher said the surplus may narrow to 2.3 percent of gross domestic product (GDP) this year, 1.2 percent in 2022 and 0.1 percent in 2023 […]
Read MoreSeveral signs suggest slowdown in economic activity if the pandemic is not contained in the short term. Most mobility indicators, especially in major urban centers, have already declined sharply in view of the fourth Covid-19 outbreak and some pressures have emerged on the value chains of strategic sectors, namely electronics and construction. While the economy […]
Read MoreThe Stock Exchange of Thailand (SET) Index rose by 1.22 points, or 0.07 per cent, to 1,637.78 on Monday morning. The volume of total transactions was THB16.73 billion with an index high of 1,642.80 and a low of 1,636.30. The SET Index closed at 1,636.56 on Friday, up 11.29 points or 0.69 per cent. Transactions […]
Read MoreMPs on Thursday voted 270-196 to allow the government to borrow 500 billion baht for various Covid-19 projects. About 300 billion baht will go towards relief schemes for people across various sectors, 30 billion baht on medical supplies, drugs, vaccines and research, and the rest for social and economic rehabilitation schemes. All loan contracts must […]
Read MoreThe rise of local retailers via mergers and acquisitions is expected to transform the competitive landscape of Vietnam’s retail market, which used to be dominated by foreign investors, and help domestic equivalents complete their ecosystems. Last month, Truong Hai Auto Corporation (THACO) inked a deal to acquire Emart Vietnam Co., Ltd., the operator of the […]
Read MoreMANILA, Philippines — The Philippine economy is expected to register a substantial 15 percent growth in the second quarter, largely due to low base effects, but also owing to a tailored approach in restrictions following a second wave of COVID-19 cases, a foreign think tank said. In its latest economic monitor, UK-based Pantheon Macroeconomics said […]
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