MANILA, Philippines — Tokyo-based debt watcher Rating and Investment Information Inc. (R&I) has affirmed the BBB+ credit rating and stable outlook of the Philippines on the back of the country’s solid recovery, healthy government finances, rising investments, and a stable banking sector. The Japanese credit rating agency said the Philippines has been demonstrating solid economic […]
Read MoreINDONESIA recorded a 10.3 trillion rupiah (S$981.2 million) budget surplus in the first quarter of 2022, equivalent to 0.06 per cent of GDP, as high commodity prices and an improving domestic economy boost revenue, its finance minister said. The surplus was in stark contrast to 2021’s 143.7 trillion rupiah budget deficit, when the country’s fiscal […]
Read MoreThai sugarcane farmers may not benefit from higher global sugar prices as their production costs, including fertilisers and oil, are also on the rise amid the Russia-Ukraine war. Sugar prices on the world market have increased as Brazil, the world’s largest sugar producer, is using more sugarcane as a feedstock for ethanol manufacturing, said Narathip […]
Read MoreThe Cambodian government identified the automotive and electronics sectors as potential priority sectors for promoting Cambodia’s participation in the global value chain, as well as promoting economic diversification and economic recovery after the Covid-19. Aun Pornmoniroth, Deputy Prime Minister, Minister of Economy and Finance and Chairman of the Economic and Financial Policy Committee, yesterday chaired […]
Read MoreMANILA, Philippines — The Philippines finally booked a balance of payments (BOP) surplus in March, ending two straight months of deficit, as the government tapped the offshore debt market to fund COVID response measures as well as key infrastructure projects, according to the Bangko Sentral ng Pilipinas (BSP). The country’s BOP position yielded a $754 […]
Read MoreThe government may continue with the diesel subsidy programme beyond April to help consumers struggling with inflation, but the subsidy would be limited, according to Energy Minister Supattanapong Punmeechaow. Mr Supattanapong said yesterday the government may help subsidise the diesel price, but at more than half of the price above 30 baht per litre. The […]
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Thailand
