Thailand will likely be the worst economic performer in Southeast Asia this year, with economists continuing to slash the country’s growth forecast amid surging Covid-19 infections, mounting political tensions and fading hopes for a tourism revival, according to Bloomberg. The Fiscal Policy Office (FPO) downgraded the country’s 2021 economic forecast to 1.3% GDP growth, a […]
Read MoreMANILA, Philippines — Higher fuel and food prices, compounded by a surge in power rates and a weak currency, likely stoked inflation in July, the Bangko Sentral ng Pilipinas said. In a statement on Friday, the BSP said it expects inflation to settle between 3.9-4.7% in July. If the upper-end of the forecast range is realized, it […]
Read MoreAIA Thailand expects insurance sales via digital channels to reach 50% by the end of this year, up from 40% at present, spurred by work from home and social distancing during the pandemic. AIA chief executive Kris Chantanotoke said the challenge is to encourage agents to adopt digital tools. “About 40% of our new policies […]
Read MorePETALING JAYA: The government will implement consolidation measures to strengthen its fiscal position including broadening the revenue base, enhancing the tax administration and compliance, as well as increasing the efficiency in spending to control the fiscal deficit level when the economy is restored, said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz. (pic) He […]
Read MoreMANILA, Philippines – Economic managers will revisit their goals after President Rodrigo Duterte approved a proposal to tighten restrictions in Metro Manila to slow down a new surge in infections believed to be fueled by the Delta variant. The interagency Development Budget Coordination Committee (DBCC) will “review” this year’s economic targets once the second quarter […]
Read MoreCambodia has committed to develop the Cambodia-Laos-Vietnam Development Triangle Area (CLV-DTA) in order to contribute to enhancing cross border trade activities and improving the livelihoods of the region’s peoples. This according to Pan Sorasak, Minister of Commerce and Chairman of the Cambodia-Laos-Vietnam Triangle Development Cooperation Coordinating Committee during a virtual meeting with Chheang Von, Chairman […]
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