ECONOMIC growth should top 6.0 percent over the next five years for the Philippines to pay off pandemic-related debt, Finance Secretary Carlos Dominguez 3rd said on Thursday. “The biggest challenge for the next administration is really to grow out of the debt that we incurred during the pandemic,” he said in a Bloomberg interview. The borrowings, he added, were “natural because […]
Read MoreVietnam aims for a healthy and sustainable trade partnership with all key partners. Deputy Prime Minister Le Van Thanh has signed off decision No.493 approving the country’s trade strategy until 2030, which targets export growth of 6-7% during the 2021-2030 period. Under the strategy, Vietnam’s exports are expected to expand by 8-9% in 2021-2025, and […]
Read MoreThe government still has room to borrow another THB1.3 trillion before it reaches the 70 per cent ceiling of public debt as a ratio of gross domestic product, a source from the Finance Ministry said. Public Debt Management Office (PDMO) director Patricia Mongkhonvanit said on Thursday that there was still room for the Finance Ministry […]
Read MoreJakarta. Indonesia has dropped the quarantine requirement for international travelers who have received the complete vaccine doses against Covid-19 starting on March 22. The government hopes this will encourage the country’s economic recovery. The decision ended two years of Indonesia’s border closure and put the country in the same position as its neighbors Thailand and Malaysia, […]
Read MoreS&P Global Ratings downgraded its ratings on 4 Thai banks, as it expects systematic risks have increased for banks operating in Thailand, it said on Tuesday (Mar 22). The credit ratings agency lowered its ratings on Siam Commercial Bank and Kasikornbank to “BBB” from “BBB+” and Krung Thai Bank and TMBThanachart Bank to ‘”BBB-” from […]
Read MoreMANILA, Philippines — Cargo shipping rates are set to increase by an average of 25 percent, as ship owners seek to cushion the impact of soaring fuel prices on their operations. In an interview on dzBB, Philippine Liner Shipping Association (PLSA) president Mark Matthew Parco said the planned rate increase would not require approval from the […]
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