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Philippines: Economic outlook for Asia-Pacific ‘stabilizing’ for first time since pandemic started — S&P

MANILA, Philippines — Economic outlook for Asia-Pacific countries, including the Philippines, is starting to “stabilize” after months of turmoil brought by the coronavirus pandemic, but uncertainty remains “unusually high” at this point, international debt watcher S&P Global Ratings said Monday.  What has changed since the outbreak began engulfing economies in the past three quarters is […]

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Business formations in Vietnam rise 7.3% m/m in November

The Hanoitimes – The total number of newly-registered and reinstated enterprises in the eleven-month period reached 165,100, up 0.9% year-on-year, averaging 15,000 per month. Vietnam’s successful realization of the dual target in containing the Covid-19 pandemic and boosting economic recovery has led to further increase in new business formation by 7.3% month-on-month in November and 6.7% […]

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Thailand: Oct exports fall 5.6% y/y, trade surplus narrows

Thailand recorded a current account surplus of $0.99 billion in October after a surplus of $1.31 billion the previous month, the Bank of Thailand said on Monday. Exports, a key driver of growth, fell 5.6% in October from a year earlier after September’s 4.2% drop. October’s imports declined 12.1% from a ye Source: https://www.bangkokpost.com/business/2027751/oct-exports-fall-5-6-y-y-trade-surplus-narrows

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Indonesia expects to ratify trade deal with EFTA early next year, attract new investment

The Indonesian government is expecting to finish the ratification of the comprehensive economic partnership agreement with Iceland, Lichtenstein, Norway and Switzerland early next year in a bid to attract investment from those countries amid the COVID-19 crisis. After seven years of negotiations, the agreement between Indonesia and the European Free Trade Association (EFTA) member countries, called […]

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Singapore’s monthly bank lending continues to slide

SINGAPORE (THE BUSINESS TIMES) – Singapore’s bank lending in October fell for the eighth straight month on continued weakness in business loans, data from the Monetary Authority of Singapore showed on Monday. Loans through the domestic banking unit – which captures lending in all currencies, but reflects mainly Singapore-dollar lending – inched down 0.3 per […]

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