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BSP confident on Philippine credit rating

MANILA, Philippines — The country’s credit grade remains on solid footing despite the rising costs of pandemic response, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said yesterday. He said major international debt watchers such as S&P Global Ratings, Moody’s Investors Services and Fitch Ratings are likely to consider the sustainability of the government’s borrowing […]

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Thailand: Local startup deals down, funding surges

The number of startup funding deals plunged to 30 in 2020, down from 41 the year before, due to the pandemic as investment focused more on companies in the growth stage, according to tech media Techsauce. However, the total investment in local startups surged to US$364 million (11.4 billion baht) last year, up from $109 […]

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Third wave delays Thai recovery

Thailand’s economic recovery is set to be delayed by the surge in Covid-19 cases and renewed lockdown measures in April and May. The economy has been gradually recovering from the pandemic shock in the first half of 2020, on the back of fiscal stimulus and a relaxing of domestic mobility restrictions, growing 0.2% quarter-on-quarter in […]

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