Fitch Solutions has downgraded Indonesia’s economic growth projection to 2.8 percent, down from its initial projection of 4.2 percent, as consumption and investment growth are expected to slow amid weakening global economic expansion during the COVID-19 pandemic. “While the government and the central bank have made aggressive moves to stimulate the economy, we believe that […]
Read MoreThe Hanoitimes – While the Covid-19 pandemic is exposing Vietnam’s economic vulnerabilities, it is an opportunity for the country to step up restructuring process and address the issue of low productivity. The digital economy could contribute an annual average of 7% – 16.5% for overall productivity growth in the next decade, indicating its key role in […]
Read MoreMyanmar factories will be allowed to open for operations after being inspected for COVID-19 purposes by the Ministry of Labour, Immigration and Population, Ministry of Health and Sports and other relevant groups. The factories, some of which had closed for the Thingyan holiday on April 10-19, will undergo inspections between April 20 and 30, according […]
Read MoreKUALA LUMPUR, April 20 ― Amanah Saham Nasional Bhd (ASNB) has announced an online withdrawal facility for selected unit trust funds under its management through the myASNB portal, allowing unit holders to withdraw their investments from any of their ASNB unit trust accounts except for ASN Sara 2 and ASN Equity 5. The amount would […]
Read MoreWith the global economic slowdown and the spreading coronavirus, Thailand’s investment applications are likely to fall below last year’s 756 billion baht, according to the Board of Investment (BoI). Duangjai Asawachintachit, secretary-general of the BoI, said it’s difficult to set a target for investment applications this year because of a slew of risk factors, particularly […]
Read MoreMANILA, Philippines — More Filipinos are saving up their money to prepare for emergencies particularly health and hospitalization, according to a survey conducted by the Bangko Sentral ng Pilipinas (BSP). According to the first quarter Consumer Expectation Survey (CES) conducted by the BSP, the percentage of households with savings reached an all-time high of 37.8 […]
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