The Tourism Authority of Thailand (TAT) has downgraded its outlook for domestic trips and tourism receipts this year because of the economic downturn, with the third wave undermining domestic tourism. TAT governor Yuthasak Supasorn said the country needs to maintain the momentum of the 90.5 million domestic trips recorded last year with support from upcoming […]
Read MoreMANILA, Philippines — Proceeds from offshore bonds sold by the government stopped a three-month decline in the Philippines’ foreign reserves in April. Gross international reserves (GIR) rebounded to $107.25 billion as of the end of last month, up 2.65% from the previous month, the Bangko Sentral ng Pilipinas (BSP) reported on Friday. Buffer funds are […]
Read MoreCambodia was one of the largest recipients of worker remittances among emerging economies in the East Asia and Pacific region in 2020, according to a World Bank report. It ranked eighth in the region behind China ($59.5 billion), the Philippines ($34.9 billion), Vietnam ($17.2 billion), Indonesia ($9.7 billion), Thailand ($8.3 billion), Myanmar ($2.2 billion) and […]
Read MoreThe economic recovery in Indonesia is underway with support from government spending and exports. Further economic momentum will be dependent on private consumption, but if consumer inflation and labor market data are any indication, households are not yet ready to carry the economy and may feel the economic recovery is passing them by. The government […]
Read MoreMANILA, Philippines — Further amendments to the mandated loan threshold for the agriculture and agrarian reform activities will push the country into the next stage of development post-pandemic, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno said monetary authorities are pushing for the amendments to Republic Act 10000 or the Agri-Agra Reform […]
Read MoreThe Bank of Thailand is set to announce phase 3 of its debt restructuring measures for individual borrowers on Friday to help ease hardships stemming from the impact of the third wave of Covid-19. Ronadol Numnonda, deputy governor for financial institutions stability, said the central bank plans to offer financial aid to borrowers on a case-by-case […]
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