MANILA, Philippines — The Philippines is seen as an attractive market for global liquefied natural gas (LNG) suppliers in the next few years as it looks for alternatives to the depleting Malampaya deepwater gas-to-power project. In its latest commentary, Fitch Solutions Macro Research said that from a price standpoint, the next few years are likely […]
Read MoreSINGAPORE (BLOOMBERG) – Singapore will witness a deeper recession this year after the nation extended and tightened its partial lockdown, Citigroup warned, widening its forecast for an economic contraction. The city-state’s economy will contract by 8.5 per cent in 2020, down from an earlier estimate of a 6 per cent fall, economists Kit Wei Zheng and […]
Read MoreKUALA LUMPUR, April 22 — The World Bank has cautioned the Malaysian government about its inability to respond effectively should the Covid-19 fallout drag on, citing Putrajaya’s limited fiscal space for extended intervention. South-east Asia’s third-largest economy is already struggling to shield its workforce and small businesses from the devastation wrought by the Sars-CoV-2 pandemic. […]
Read MoreThe outflow of Foreign Direct Investment (FDI) from emerging market economies – such as Cambodia – have been recorded at their greatest levels in recent history, according to data collated by the International Monetary Fund (IMF). The impact has been attributed to the adverse effects on financial markets, consumption, investment confidence, international trade and weakened […]
Read MoreIndonesia’s palm oil exports, including oleochemicals and palm oil kernel, dropped nearly 19 percent in the January to February period driven by lower exports to China as the coronavirus pandemic took a toll on the country’s top export commodity. The Indonesian Palm Oil Producers Association (Gapki) said palm oil exports in the first two months of this […]
Read MorePUTRAJAYA, April 22 — The Immigration Department plans to come up with several new Standard Operating Procedures (SOPs) for entry of foreigners after the movement control order (MCO) ends, in an effort to curb the spread of Covid-19. Immigration director-general Datuk Khairul Dzaimee Daud said the SOPs would be brought to the attention of the Home Ministry for adoption. He […]
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Thailand
