A Fitch Group unit has raised its forecast for the Philippines’ budget deficit this year as the coronavirus disease 2019 (Covid-19) pandemic continues to affect government revenues. In a report on Thursday, Fitch Solutions said it expected the government to post a fiscal shortfall of 9.3 percent of the country’s gross domestic product (GDP) in […]
Read MoreThe majority of small businesses might have to shut down within six months, as the restrictions aimed at containing COVID-19 are bringing the Indonesian economy to a standstill and destroying their revenues, according to a survey by the United Nations Industrial Development Organization (UNIDO). Some 60 percent of small businesses might only survive six months […]
Read MoreKey business operators in the Eastern Economic Corridor (EEC) want the government to eliminate weak points in infrastructure development and investment incentive programmes during the recession to lure more foreign investment. The global slowdown is an opportune time for authorities to solve water, land and investment issues in the EEC before businesses return to normal […]
Read MoreThe private sector rejoiced as the government on Wednesday announced its sixth round of measures to stimulate economic growth as it prepares for a post-Covid-19 world. The support measures centre on the garment, textile, tourism and civil aviation sectors, which the government labelled as the hardest hit. For the garment sector, the government will continue […]
Read MoreKUALA LUMPUR: RHB Investment Bank Bhd (RHB IB) has upgraded its 2021 real gross domestic product (GDP) growth projection for Malaysia to 7% year-on-year (y-o-y) from 4% y-o-y earlier. The revision in outlook was made after factoring in the assumption of mass Covid-19 vaccine deployment in the second half of next year, the investment bank […]
Read MoreThe government has set up a joint development package at four eco-tourism destinations in the Kingdom to boost the number of domestic visitors, according to a senior official of the Ministry of Tourism. The four destinations in the Kingdom which are now famous for natural attractions are Roleak Kang Cheurng (Phnom Khnong Phsar) in Oral, […]
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Thailand
