MANILA, Philippines — As widely expected, the Duterte administration capped 2020 with a much heavier debt burden after the coronavirus pandemic stoked a borrowing spree amid falling tax receipts. The state’s outstanding liabilities swelled to P9.8 trillion as of December last year, representing a dramatic 26.7% jump from end-2019, latest data from the Bureau of […]
Read MoreThailand’s exports are expected to grow by 3% to 4% this year as the global economy recovers, but a stubbornly strong baht currency remains a worry, the shippers’ council said on Tuesday. Exports, a key driver of growth, could perform better than expected on vaccine developments and if the government provides more support, Ghanyapad Tantipipatpong, […]
Read MoreTo become a powerful and prosperous country by 2045, Vietnam needs to obtain a GDP growth rate of 7.5-8 percent per annum for the next 25 years. Only digital transformation can helps make this a reality. The 13th National Party Congress identified the country’s development goals for the next period, which is to realize the […]
Read MoreMyanmar banks in the commercial hub of Yangon reopened on Tuesday after halting financial services a day earlier due to poor internet connections after the military seized power in the country, a Reuters witness said. The Myanmar bankers association had issued a statement on Monday saying it would allow members to reopen from Tuesday. Source: https://www.bangkokpost.com/business/2061271/myanmar-banks-reopen-after-closing-amid-military-coup
Read MorePrime Minister Hun Sen has said that oil revenues will have less of an impact in the short term on the country’s overall economy than other traditional business sectors. His statement was made during a joint ceremony for the inauguration of the Chamkar Mon Water Treatment Plant and the ground-breaking of the Bakheng Water Treatment […]
Read MorePETALING JAYA: Despite the unprecedented stimulus packages rolled out to support growth, most Malaysians appear to remain uncertain about the state of the country’s economy, according to Emir Research. In a nationwide survey on public sentiment for the fourth quarter of 2020, the private think tank found only 33% of respondents believe that the future […]
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