WASHINGTON, United States — The World Bank on Thursday announced financing for Afghanistan, Bangladesh and Nepal to vaccinate their populations against Covid-19. Afghanistan will receive $113 million — including $60 million from the International Development Association (IDA), part of the Washington-based development lender that helps the world’s poorest nations — to “deploy safe and effective […]
Read MoreThe Philippines may incur a lower balance of payments (BoP) surplus this year, according to the Bangko Sentral ng Pilipinas (BSP). Data shared by central bank Governor Benjamin Diokno showed on Thursday that the BSP now anticipates a $6.2-billion BoP surplus this year, equivalent to 1.6 percent of the country’s gross domestic product (GDP). The […]
Read MoreThailand has an opportunity to become an aviation and logistics hub, thanks to its prime location in central Southeast Asia and infrastructure development in the Eastern Economic Corridor (EEC), but the country needs to adjust to the pandemic crisis. The severe impact of the pandemic on aviation and tourism firms as well as a delay […]
Read MoreKUALA LUMPUR: The International Monetary Fund (IMF) expects Malaysia’s economy to recover in the remainder of 2021, with inflation and the current account balance normalising over the medium term. In its country report, it said growth was projected to rebound to 6.5% this year, underpinned by a strong recovery in manufacturing and construction, and supported […]
Read MoreMANILA, Philippines — Purchasing properties in the Philippines used to be a complicated process especially for prospective buyers and investors residing in other countries. For instance, overseas Filipino workers (OFWs) seeking to buy a house for their families were often daunted by the tedious paperwork involved. Similar concerns deterred potential property investors based abroad. All […]
Read MoreThe worldwide container shortage pinching global trade will be relieved in the second half of this year as trade picks up, according to CIMB Thai Bank’s research office. The shortage crisis blew up in mid-2020 when containers shipped to North America and Europe were stranded there by Covid-19 restrictions that meant almost nothing moved in […]
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