We’re not out of the woods yet, says BSP chief MANILA, Philippines — The worst economic performance on record logged in the second quarter has forced monetary authorities and economists to further downgrade their year-end forecasts for the Philippines. While they believe the worst is over for the Philippine economy as gross domestic product (GDP) […]
Read MoreThe Hanoitimes – AMRO remains optimistic about the Vietnam’s outlook, thanks to the country’s effective anti-virus measures and favorable structural economy. Vietnam’s GDP growth for this year is predicted at 3.1% in 2020 and bounce back to 7% in next year, according to the ASEAN+3 Macroeconomic Research Office (AMRO), a regional macroeconomic surveillance organization in the […]
Read MoreIndonesia is the second most confident nation in Southeast Asia about reopening its tourism sector with 71 percent of Indonesians saying their country is well prepared, a recent survey shows. The result is part of a joint survey conducted by social research agency Blackbox Research, data provider Dynata and translation company Language Connect, titled Unravel Travel: […]
Read MoreMANILA, Philippines (UPDATE 3 1:03 p.m., Aug. 6) — The Philippines officially entered a recession in the second quarter, an expected economic collapse brought by the pandemic that has gone beyond government control with the country likely to become Southeast Asia’s coronavirus hotspot on Thursday. Gross domestic product (GDP) plummeted 16.5% year-on-year from April to June, sinking deeper […]
Read MoreVietnam is one of the best long-term growth stories in Asia and is one of the most preferred frontier markets, according to HSBC. HSBC’s reasons range from the healthy state of foreign direct investment (FDI), rising share of global exports, the country’s impressive handling of the COVID-19 crisis, and higher levels of government investment to policy reforms which […]
Read MoreContinuous foreign net outflows from Thailand’s stock market are not caused by headwinds to the economic outlook, but rather the country’s lower competitiveness and structural economic problems, says KKP Research. Foreign investors have been net sellers of Thai stocks since 2013, with a combined value of more than 800 billion baht. Foreign investors have also […]
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