THAILAND faces growing political risks as the Covid-19 pandemic continues to exact an economic toll, said a Fitch Solutions Country Risk and Industry Research report on Apr 29. The blow dealt by the pandemic to Thailand’s large tourism sector, which accounts for about 22 per cent of gross domestic product (GDP), poses risks to social […]
Read MoreMANILA, Philippines — Factory gate prices continued to drop in March as declines were seen in 15 major industry groups, the Philippine Statistics Authority (PSA) said yesterday. The Producer Price Index (PPI) for manufacturing decelerated to 5.4 percent in March, a faster decline compared with 4.8 percent in February and a reversal of a growth […]
Read MoreA leading international monetary organisation has advised regional governments – including Cambodia – to not become debt adverse and ensure working capital is available during and after the COVID-19 pandemic, in an effort to ensure liquidity is kept in the market for commercial lenders to flow through to small and medium enterprises. The comments have […]
Read MoreThe Hanoitimes – Any currency weakness is likely to be mild so as to avoid possible sanctions from the US given Vietnam’s inclusion in the US Treasury’s currency manipulator watch list. Fitch Solutions, a subsidiary of Fitch Group, expected the Vietnamese dong (VND) to weaken slightly over the coming quarters and to average VND23,475/USD in 2020 […]
Read MoreKUALA LUMPUR, May 1 — The government’s Wage Subsidy Programme (WSP) should be extended in order to prevent job losses, as the movement control order (MCO) drags on. Economist Hafiz Noor Shams told a Webinar that as more people are expected to lose their incomes and companies struggle to pay wages, the government needs to […]
Read MoreThe economy is likely to stage a V- or U-shaped recovery, while a W-shaped rebound is not far-fetched if a second wave of coronavirus occurs, says a senior official at the central bank. The V- or U-shaped recovery mainly depends on foreign tourist arrivals and the global economy, said Don Nakornthab, who is in charge […]
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Thailand
