A number of high-profile international organisations including the Asian Development Bank (ADB), the World Bank, and the International Monetary Fund (IMF), and Standard Chartered have released forecasts that Vietnam will succeed in controlling inflation in 2020, at below 4 per cent as planned by the National Assembly late last year. “Especially, the success may come […]
Read MoreMANILA, Philippines — Restarting a “new economy” that is safer, better, and more technology-savvy is more important than achieving the much-coveted A-scale credit rating and upper middle income status, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno said monetary and fiscal authorities are putting more emphasis on softening the blow and preventing […]
Read MoreThe Hanoitimes – FDI will play a key role for the expansion of Vietnam’s industrial buildings sector, as Vietnam emerges as a global manufacturing hub, stated Fitch Solutions. Vietnam’s building construction sector is expected to grow strongly at an annual average of above 7% over the next decade, supported by strong macroeconomic conditions and favorable demographic […]
Read MoreThe Tourism and Sports Ministry is considering a tax of 300 baht or less per person for foreign arrivals that could cover pandemic insurance, once inbound flights and tourism activities resume in the country. Phiphat Ratchakitprakarn, the tourism and sports minister, said the tax would be collected once foreigners arrive by air, land or sea […]
Read MoreMANILA, Philippines — Fitch Solutions Country Risk & Industry Research now expects the Philippine gross domestic product (GDP) to contract by two percent instead of growing by 0.5 percent this year as the shock from the coronavirus pandemic would drag the country into recession. The research unit of the Fitch Group said the coronavirus disease […]
Read MoreThe liquidity of Indonesian banks will remain in check despite economic risks brought by the COVID-19 pandemic and loan restructuring program that defers credit repayments, economists have said. Fitch Ratings director for banks Gary Hannify said Indonesia’s 12-largest banks had ample liquidity as reflected in liquidity coverage ratios of about 180 percent at the end of 2019, adding […]
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Thailand
