SINGAPORE – The many risks to a decisive recovery may see Singapore’s economy contract by more than forecast this year, the Monetary Authority of Singapore (MAS) warned in its macroeconomic review released on Tuesday (April 28). The Government has said it expects gross domestic product (GDP) to shrink by between 1 per cent and 4 […]
Read MoreThe Financial Regulatory Department under the Ministry of Planning, Finance and Industry is in the process of drafting a Credit Guarantee Corporation Law, U Thant Sin, director of the department, told The Myanmar Times. The aim of the law is to support the provision of financing for micro, small, and medium enterprises (MSMEs) by enabling the […]
Read MoreCambodia is to join the ranks of declining overseas worker remittances this year after the World Bank projected global remittances will decline sharply by about 20 percent in 2020 because of the economic crisis induced by the COVID-19 pandemic and consequent business shutdowns The projected fall, which would be the sharpest decline in recent history, […]
Read MoreMANILA, Philippines — The Duterte administration braved financial market volatility and raised $2.35 billion in funding from fresh issuance of US dollar-denominated global bonds, proceeds of which will be used to respond to the coronavirus outbreak. In a statement on Tuesday, National Treasurer Rosalia de Leon said the government raised $1.35 billion from floating 25-year […]
Read MoreThe country’s media ad spending is estimated to drop 15% to 77 billion baht this year as the coronavirus outbreak causes brands to tighten their budgets amid a weak economy, says researcher Media Intelligence (MI). The pandemic is also likely to speed up digital adoption by consumers to 1.5-3 years from now, with an emphasis […]
Read MoreThe inflow of foreign direct investment into the real estate sector (combined all type of real estate and condominium) in Cambodia was estimated at over $437.3 million in 2019, according to data from the NBC’s Annual Banking Supervision Report 2019, issued on April 27, 2020. Among the total inflow of FDI into the real estate […]
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Thailand
