MANILA, Philippines — British banking giant HSBC expects the Philippine economy to contract deeper by 9.6 percent this year due to the rising number of COVID-19 cases in the country. According to HSBC economist Noelan Arbis, the company has revised its economic projections for the Philippines to a contraction of 9.6 percent for this year […]
Read MoreMyanmar’s coffee beans exports are dropping as against last year, and Myanmar Coffee Association is expecting a recover of market in the coming months, said an official of the association. The impacts of coronavirus hurt coffee industry as the lockdown and physical distancing caused a reduction in consumption. The COVID-19 crisis changed the dynamics of […]
Read MoreCredit ratings agency Fitch Ratings has affirmed Indonesia’s long-term foreign currency issuer default rating at “BBB with a stable outlook”, the lower medium investment grade. Fitch cited a favorable medium-term growth outlook and low government debt-to-GDP ratio against high dependence on external financing among the reasons for retaining the rating, but also noted issues around […]
Read MoreTHE Singapore government will soon unveil plans to help the ailing economy, including an update from Deputy Prime Minister Heng Swee Keat on fiscal support measures. That’s even as Singapore’s central bank said it stands by its monetary policy stance, which was eased in a double-tap move at its last half-yearly review in April. “In […]
Read MoreThe Hanoitimes – By the end of 2019, Vietnam’s public debt had significantly dropped to 55% of GDP from 63.7% in 2016. Vietnam could afford widening public debt by additional 2 – 3 percentage points of GDP to mitigate negative Covid-19 economic impacts, as the ratio of public debt to GDP in this case would still […]
Read MoreKUALA LUMPUR, August 11 — The Malaysian Trades Union Congress (MTUC) warned today that the unemployment rate among Malaysians will soar further and employers may start hiring more foreigners if the government continues to turn a blind eye to the current wage rate in the country. MTUC secretary-general J. Solomon also singled out Human Resources […]
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Thailand
