MANILA, Philippines — The national government continued to incur a budget shortfall in January as spending outpaced revenue collections amid the COVID-19 crisis. The budget deficit reached P14.1 billion during the month, reversing the P23-billion surplus in the same month last year, according to the latest cash operations report of the Bureau of the Treasury […]
Read MoreThe rapid suppression of the new COVID-19 outbreak in late January 2021 has helped maintain Vietnam’s positive outlook for economic recovery this year, the World Bank (WB) has said. In its latest Vietnam Macro Monitoring report, the WB said, looking ahead, special attention should be paid to how the COVID-19 vaccinations will be rolled out domestically and globally […]
Read MoreA weakened local currency (LAK) has caused the cost of living to rise in Laos, as well as affecting businesses amid the Covid-19 pandemic. According to a report by Lao Post, the current financial climate has weakened the Lao Kip against both the US dollar and the Thai baht, the two major currencies traded in the Lao […]
Read MoreSINGAPORE – Singapore is the eighth most attractive country to relocate to for work – the first time it has broken into the top 10 in a global study that started in 2014. But the report also noted on Wednesday (March 17) that fewer Singaporeans desire to work abroad. The study, which polled around 208,800 […]
Read MoreThe government believes its new Made-in-Thailand campaign, which promotes the use of locally made products in state projects, can create domestic economic value of 1.77 trillion baht. The scheme is meant to help local businesses, including small and medium-sized enterprises (SMEs), through state procurement projects. Factory operators and workers should also benefit from the scheme, said […]
Read MorePETALING JAYA: Total vehicle sales rose 4% year-on-year to 42,784 units in February, spurred by increased traffic volumes to showrooms during the month following the lifting of the movement control order (MCO) in certain states. The Malaysian Automotive Association (MAA) said in a statement that sales volume in February was 30% higher month-on-month compared with […]
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