MANILA, Philippines — Sustaining the downtrend in the number of COVID cases and supporting the growth in consumption would help shield the Philippines from a weakening global economy, a World Bank economist said. World Bank senior economist for the Philippines Rong Qian said in a forum that keeping the number of confirmed COVID cases on […]
Read MoreThailand is set to run relatively wide budget deficits over the coming years, as the government seeks to support the economy amid the headwinds from the pandemic and a downturn in external demand. The budget for fiscal 2021 that began on Oct 1 amounts to 3.2 trillion baht, 2.6% higher than the previous year. Given […]
Read MoreSingaporean property start-up 99 Group has recorded shrinking housing supply and demand on its websites in the third quarter as property agents and consumers return to conventional transactions, company executives have said. The group, which owns the 99.co and rumah123.com platforms, recorded a 24.6 percent quarterly decline in housing listings on their websites in the […]
Read MoreThe Hanoitimes – Such a high fiscal deficit is due to low state budget revenue and increase in regular spending under the severe Covid-19 impacts. Vietnam’s budget deficit this year is estimated at VND319.5 – 328 trillion (US$13.78 – 14.15 billion), equivalent to 4.99 – 5.59% of GDP, significantly higher than the 3.44%-of-GDP target set in early […]
Read MoreRussian and European tourists started booking rooms at Alternative State Local Quarantine (ASLQ) hotels in Pattaya of Chon Buri province, but were then blocked from organising flights to the kingdom after Thai Consulate-Generals said they were only allowed to quarantine in Bangkok and its surrounding areas. Thanet Supornsahasrungsi, president of the Chon Buri Tourism Council, […]
Read MoreJAKARTA: Indonesia will launch its own sovereign wealth fund in January next year as the government seeks to attract more investment and support the economy amid the coronavirus pandemic. Deputy State-Owned Enterprises (SOEs) Minister Kartika Wirjoatmodjo said the government would soon establish the fund to handle government investments. The establishment of the sovereign wealth fund, […]
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