KUALA LUMPUR: Eco World Development Group Malaysia has ceased its merger talks with UEM Sunrise Bhd and it will now focus on its own business plans for FY2021. In a statement issued on Wednesday EcoWorld Malaysia chairman Tan Sri Liew Kee Sin said the decision to cease the merger discussion was because it seeks to pursue its […]
Read MoreMoody’s Investors Service said Tuesday that Cambodia’s risk of external debt vulnerability was still contained. In its latest assessment of the impact of Covid-19 on Asian and the Pacific, the U.S. rating agency said “liquidity pressures will continue to haunt some frontier market sovereigns. Moody’s estimated that most frontier markets — which include Cambodia, Laos […]
Read MoreThe Hanoitimes – The Transport Ministry would consider the resumption of commercial inbound flights after the Lunar New Year, which falls on February 10-16. Prime Minister Nguyen Xuan Phuc has requested aviation sector to restrict the number of flights that bring stranded Vietnamese home until after the Lunar New Year holiday to prevent new Covid-19 variants […]
Read MoreThailand’s slow economic recovery reflects the sustained damage wrought by the pandemic on international travel and tourism, in large part because of the slow reopening of borders in major markets, says Moody’s Investors Service. Lower economic growth and a concomitant rise in debt drove negative rating actions for Fiji (Ba3 negative) in June, Thailand (Baa1 […]
Read MoreMANILA, Philippines — The national government closed 2020 with a heavier debt burden as expected, no thanks to rising pandemic costs and falling tax receipts that forced a borrowing binge. On Tuesday, Finance Secretary Carlos Dominguez III said emerging data showed outstanding state debt was equivalent to 53.5% of gross domestic product (GDP) last year, the […]
Read MoreThe cabinet resolution on relief measures, including new subsidies for power and water bills set to take effect next month, is necessary but insufficient to help businesses cope with the new outbreak of Covid-19 that is crippling the economy, say business leaders. Households and small businesses are the main beneficiaries of the two-month financial aid, […]
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