MANILA, Philippines — Credit watcher S&P Global Ratings has also slashed its projected gross domestic product (GDP) growth for the Philippines to 6.1 percent instead of 6.2 percent as the global outbreak of the novel coronavirus disease (COVID-19) takes its toll on economies. In its latest report titled “COVID-19 will hit Asia-Pacific economies hard,” the […]
Read MoreThe Hanoitimes – Whether Vietnam could take advantage of the CPTPP would depend on the country’s institutional capabilities and local enterprises’ adaptability. The Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) that has a clear timeline for signatories to realize their commitments would help speed up institutional reforms in Vietnam, according to Nguyen Thi Thu Trang, director of […]
Read MoreCambodia’s ranking has slightly improved in this year’s global index of emerging logistics markets, rising one notch compared with the same survey last year from 42 to 41 among 50 countries included in the study. The survey is conducted by Agility, one of the leading logistics companies in the world. Agility first conducted the survey […]
Read MoreKUALA LUMPUR: The World Bank Group is reviewing Malaysia’s economic growth again for 2020, measured by gross domestic product (GDP), given the 2019 novel coronavirus (Covid-19) outbreak, said its representative to Malaysia and country manager Firas Raad. This marks the second time that the group reviews the country’s economic growth for this year, after it revised […]
Read MoreIndonesia’s central bank may be ready to cut interest rates again after a three-month pause as policy makers look to head off the impact of the coronavirus on Southeast Asia’s biggest economy. Bank Indonesia will probably lower its benchmark rate by 25 basis points to 4.75 percent Thursday, according to 19 of the 31 economists surveyed by Bloomberg. […]
Read MoreMyanmar and Thailand have yet to sign a Memorandum of Understanding for a 12-month contract for Thailand to import corn as Thai growers are opposing such an agreement, according to the Ministry of Commerce. Under a bilateral agreement between Thailand and Myanmar, corn exports were to be exempt from tax from February 1 to August […]
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