The Thai economy shrank by 2.6% in the first quarter of this year — an improvement from a 4.2% contraction in the previous quarter — after it was boosted by a continued increase in agricultural production, recovery of non-agricultural production, acceleration in domestic investments, rise in government consumption expenditure and improvement in exports of goods. […]
Read MoreThe emergence of new Covid-19 variants is expected to weigh on Indonesia’s economic recovery and may cause the government to miss its target of growth between 4.5 and 5.3 per cent this year. The government reported on May 17 that 24 cases involving new variants, including sub-variants of B.1.617, also known as the Indian variant, […]
Read MoreMANILA, Philippines — Headline inflation in the Philippines and other parts of Asia may peak in the middle of the year but may remain subdued due to nascent economic recoveries in the region, according to Moody’s Analytics. “We expect that underlying inflation will remain subdued in the Philippines and across most parts of Asia this […]
Read MoreAmid massive difficulties hitting domestic production, Vietnam has continued bringing public debt under its control, ensuring national financial security. The government has recently sent a report on the national budget to the National Assembly (NA), stating that as of late 2020, the economy’s public debt was equivalent to 55.3% of GDP, in which foreign debt […]
Read MoreGlobal debt levels grew by a record $24 trillion last year with pressure to rein in debt in the face of inflation possibly affecting growth in many countries. However, Cambodia may be in a better position than most, according to a recently published Moody’s Analytics report. Global leverage – the percentage of global outstanding debt […]
Read MoreAs tensions between the United States and China show no signs of abating, both nations’ businesses are shifting their focus towards Southeast Asia, say observers. They say new stumbling blocks related to entering Western markets, rising costs in China and requests from clients have led to a Chinese pivot towards less-developed Southeast Asian nations, such […]
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Thailand
