Fitch Ratings-Bangkok-12 October 2021: Fitch Ratings expects Thailands economic recovery to gain traction in 2022, supported by a significant improvement in Covid-19 vaccination rates, business reopening and a still-supportive global growth environment. The return of tourism is likely to be gradual, and Fitch expects GDP to recover to pre-pandemic levels by early 2023. The ratings […]
Read MoreThe Indonesian economy could become the world’s 7th largest economy by 2030 if suitable measures are taken to speed up the digitalisation of economic and financial areas, President Joko Widodo has said. Jakarta (VNA) – The Indonesian economy could become the world’s 7th largest economy by 2030 if suitable measures are taken to speed up the digitalisation […]
Read MoreKUALA LUMPUR, Oct 12 — Malaysia’s Industrial Production Index (IPI) shrank marginally by 0.7 per cent year-on-year (y-o-y) in August 2021 compared with the same period last year, mainly influenced by the decline in mining index (-4.2 per cent) and electricity index (-4.8 per cent), said the Department of Statistics Malaysia (DOSM). “However, the manufacturing […]
Read MoreJakarta (ANTARA) – Trade Minister Muhammad Lutfi has forecast Indonesia’s digital economy to record an eightfold growth in 2030 to reach Rp4,531 trillion, from Rp632 trillion currently. “The e-commerce sector is estimated to still dominate the map of Indonesia’s digital economy in 2030, with a contribution of Rp1,908 trillion, or around 33-34 percent from the […]
Read MoreThe Bank of Thailand is warning consumers to be wary of online financial fraud as incidents have been increasing, with the pandemic pushing more people towards digital outlets. The regulator raised the alarm as scams have been surging, with more people desperate for cash amid the pandemic. Digital fraud can take many forms, including SMS messages, […]
Read MoreBrunei Darussalam ratified the Regional Comprehensive Economic Partnership (RCEP) agreement upon depositing its instrument of ratification with the Secretary-General of ASEAN yesterday. The Sultanate’s timely ratification of the RCEP agreement signals its strong commitment to support the region’s post-pandemic recovery efforts, strengthening its economic and trade linkages, creating new opportunities for businesses as well as […]
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