CASH is still king in South-east Asia, but a slew of digital payment methods could make regional transactions much simpler, one bank has said in a new report. These methods include real-time payments – whether with a pay-to-account number, or using mobile phone numbers or national registration and tax identification numbers, which has been rolled […]
Read MoreThe Hanoitimes – Vietnam’s economic growth is projected to moderate to 6.6% in 2019, driven by credit tightening, slower private consumption and weaker external demand. Amid tighter financing conditions, corporate and household balance sheets in Vietnam are increasingly leveraged with the country’s credit-to-GDP ratio at about 135%, according to World Bank in its latest “Managing Headwinds” […]
Read MoreKUALA LUMPUR:: The World Bank Group has maintained Malaysia’s 2019 gross domestic product (GDP) growth forecast at 4.7%, driven by private consumption. Lead economist for Malaysia Richard Record said private consumption would continue to be the main driver of growth, albeit expanding at a more measured pace. “Household spending will be buoyed by stable labour market conditions and income support measures such as the […]
Read MoreMANILA, Philippines — Fitch Ratings has slashed the country’s gross domestic product (GDP) growth forecasts for 2019 and 2020 due to the delayed passage of the 2019 national budget, the series of rate hikes by the Bangko Sentral ng Pilipinas (BSP) and the trade war between the US and China. In a report, Fitch Ratings […]
Read MoreThe Financial System Stability Committee (KSSK) has said that during the global economic slowdown in the first quarter of 2019, Indonesia managed to maintain its financial system stability. “The peaceful democratic fiesta [legislative and presidential elections] contributes to the public confidence in the financial system,” KSSK coordinator Sri Mulyani Indrawati in Jakarta on Tuesday as […]
Read MoreDomestic political uncertainty warrants a downside risk for Thailand’s GDP growth outlook this year because a delay in forming the new government could curtail public investment projects and dent private investment incentives, says the World Bank. “Public investment projects could be affected if new government formation is delayed,” said Kiatipong Ariyapruchya, senior economist for Thailand at […]
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