MANILA, Philippines — The Duterte administration’s budget deficit narrowed in April, with the so-called “base effects” accounting for both the sharp pick-up in revenues and double-digit drop in spending during the month. The government’s fiscal gap shrank 83.78% year-on-year to P44.4 billion in April, the Bureau of the Treasury reported Monday. That massive contraction was […]
Read MoreThe latest Covid-19 outbreak has pushed enterprises into new difficulties at a time when it is nearly impossible to access cheap capital sources. The State Bank of Vietnam (SBV) has repeatedly asked commercial banks to slash lending interest rates in order to help clients overcome difficulties caused by the pandemic. However, it is still difficult […]
Read MoreWASHINGTON: The US Commerce Department said on Monday that car and light truck tires exported from Thailand, South Korea, Taiwan and Vietnam had been dumped at below-market rates in the United States. The department said tires from Vietnam are being subsidised at a rate ranging from 6.23% to 7.89% through the conversion of US dollars […]
Read MoreThe National Bank of Cambodia (NBC) has urged customers and retailers to make use of e-wallets and payment apps such as Bakong to help prevent the spread of Covid-19. In a statement released yesterday, the NBC stressed that using digital banking could help in the fight against the pandemic by lessening the need for cash […]
Read MoreSINGAPORE factory output rose 2.1 per cent in April, its sixth straight month of growth, as the linchpin electronics cluster continued to underpin gains. The latest growth eases from the year-on-year increase of 7.6 per cent in March, and fell short of the median estimate of 3.5 per cent expansion in a Bloomberg poll. When […]
Read MoreThe Commerce Ministry has vowed to ramp up Thai product exports through online business matching and virtual events, with the aim of boosting online sales to top 16 billion baht this year. Commerce Minister Jurin Laksanawisit said amid the Covid-19 crisis the country’s export promotional plans have to shift from trade exhibitions to more virtual […]
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Thailand
