KUALA LUMPUR: Malaysia’s economic outlook has improved, with the Statistics Department describing March indicators as encouraging in the near term, but it expects prevailing challenges to continue to persist until the Covid-19 pandemic is brought under control. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said on Tuesday Malaysia’s leading index (LI) in March showed […]
Read MoreMANILA, Philippines — The Philippine government is best placed to handle shocks from a rise in interest rates, likely making debt refinancing less of a problem for the state in the next few years. In a report sent to journalists on Tuesday, S&P Global Ratings said its baseline forecast is for government spending on interest payments —as […]
Read MoreJAKARTA (Reuters) – Indonesia is considering introducing an alternative minimum tax in a bid to prevent tax avoidance by companies, Finance Minister Sri Mulyani Indrawati told Parliament on Monday, providing more details in her proposals for sweeping tax reforms. “The tax reforms are designed to create fairness and equality for companies. Especially for those that so […]
Read MoreSINGAPORE – Official forecasts for Singapore’s key exports and overall merchandise trade have been raised, amid better-than-expected growth seen in the first quarter of 2021. Non-oil domestic exports (Nodx) are now expected to expand between 1 per cent and 3 per cent for the year, up from 0 per cent to 2 per cent. Total trade […]
Read MoreKUALA LUMPUR: The ringgit rebounded from yesterday’s close to open higher against the US dollar today, on renewed buying support due to positive development of the COVID-19 vaccine rollout, dealers said. At 9.06am, the local note was higher at 4.1400/1440 against the greenback from Monday’s close of 4.1440/1480. A dealer said that the local market […]
Read MoreMANILA, Philippines — The Duterte administration’s budget deficit narrowed in April, with the so-called “base effects” accounting for both the sharp pick-up in revenues and double-digit drop in spending during the month. The government’s fiscal gap shrank 83.78% year-on-year to P44.4 billion in April, the Bureau of the Treasury reported Monday. That massive contraction was […]
Read More
Thailand
