MANILA, Philippines — Fitch Solutions Macro Research is maintaining its gross domestic product (GDP) growth forecast for the Philippines for now despite the outbreak of coronavirus disease (COVID-19). The research arm of the Fitch Group has retained the projected GDP growth of the Philippines at 6.3 percent this year after hitting an eight-year low of […]
Read MoreThe government looks poised to introduce a fresh economic stimulus package after the economy slipped to a five-year low in growth last year and a possible contraction in the first quarter of this year. Finance Minister Uttama Savanayana, on a trade delegation to Japan chaired by Deputy Prime Minister Somkid Jatusripitak, said the ministry is […]
Read MoreIndonesia recorded a US$864 million trade deficit in January on the back of plummeting oil and gas exports, Statistics Indonesia (BPS) announced on Monday. The country recorded a total of $13.41 billion in exports in January, a 3.71 percent decrease year-on-year (yoy), while total imports fell 4.78 percent yoy to $14.28 billion. Indonesia’s oil and gas exports experienced the largest decline, falling 34.7 percent yoy […]
Read MoreThailand’s economy grew at its weakest pace in five years in 2019, as exports and public investments slowed, and the impact from the coronavirus epidemic is set to pile more pressure on Southeast Asia’s second-largest economy this year. The trade-dependent economy has been buffeted by the Sino-US trade war, soft domestic demand and a delayed […]
Read MoreCambodia and China say they are now planning to sign a free-trade deal some time later this year. The move came after the duo wrapped up their first-round negotiations, which were held last month in Beijing, China. The Ministry of Economy and Finance late last week held a meeting discussing the result of the first-round […]
Read MoreTAWAU (BERNAMA) – The adoption of e-wallet digital payments among Malaysia’s small and medium-sized enterprises (SMEs) can spur the competitiveness of the sector domestically and internationally, according to an academician at Universiti Malaysia Sabah (UMS). Its Labuan International Finance Faculty senior lecturer Dr Suzillah Sidek said, e-wallet could directly increase the contribution of SMEs to […]
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