S&P Global Ratings has revised its outlook on Thailand to stable from positive on Covid-19 uncertainty, with a possible downgrade given heightening political uncertainty and persistent sluggish economic recovery. The firm, however, affirms the country’s BBB+ long-term and A-2 short-term foreign currency sovereign credit ratings. “We are revising our outlook on Thailand to stable from […]
Read MorePrime Minister Thongloun Sisoulith has moved to prolong Prime Ministerial Order 06/PM, effectively extending the lockdown period for Laos until 3 May. “The situation regarding Covid-19 has the potential for further spread with 19 cases of infection now confirmed in Laos,” said Prime Minister Thongloun in a statement to the press today. “One patient has […]
Read MoreKUALA LUMPUR, April 15 — While the series of economic stimulus package announced by the government will support domestic demand and economic growth, the package also leaves the government with a wider fiscal deficit at least for 2020, says Moody’s Investors Service. Moody’s said that the package would also increase the government’s fiscal consolidation challenge over the next few years, particularly […]
Read MoreThe Hanoitimes – The agreement would protect lawful rights of the business communities in Vietnam and the US, promoting greater trade relations. Prime Minister Nguyen Xuan Phuc has signed a resolution approving the Customs Mutual Assistance Agreement (CMAA) between Vietnam and the US which aims to further strengthen bilateral cooperation on security and the facilitation of […]
Read MoreThe auto parts industry club under the Federation of Thai Industries (FTI) expects the parts sector to continue shrinking as car factories close or cut production and global purchasing power weakens. The club is considering a downgrade to forecasts for sales value and auto parts volume in 2020. Pinai Sirinakorn, chairman of the auto parts […]
Read MoreDEVELOPERS in Singapore sold 660 private homes in March, down 32.4 per cent from February’s 976 units, as the coronavirus pandemic situation deteriorated. It was 37.4 per cent lower over March 2019’s 1,054 units. The fall was due to the dive in sales in the core central region (CCR), where 45 units were sold, down […]
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