MANILA, Philippines — S&P Global Ratings has downgraded the Philippines’ 2021 gross domestic product (GDP) growth forecast to 4.3 percent from an earlier six percent outlook due to the emergence of the highly contagious COVID-19 Delta variant. The debt watcher said intermittent lockdowns have been weighing on economic activity as the emergence of new variants […]
Read MoreThe Phnom Penh Special Economic Zone Plc (PPSEZ) is working towards a cross-listing in Thailand. If approved, PPSEZ would become the first Cambodian firm to be cross-listed abroad. It would also mark the first time Thai regulators would allow a foreign firm to be traded on the Stock Exchange of Thailand (SET). “We heard about […]
Read MoreFinance Minister Arkhom Termpittayapaisith says there is no need for the government to borrow additional money to combat the pandemic because the existing 500-billion-baht loan is sufficient. On Monday, Bank of Thailand governor Sethaput Suthiwartnarueput said at a press event the government should add at least 1 trillion baht in the economic fight against the […]
Read MoreSINGAPORE – Landscape maintenance workers will see their minimum basic wages rise by 6.3 per cent a year on average, over six years, after proposals by a tripartite committee on the landscape industry wage ladder were accepted by the Government on Friday (Aug 20). The wage increases will take effect over six years from July 1, […]
Read MoreCambodia’s “well-strategised and rapidly-executed” Covid-19 vaccination programme are set to underpin economic growth that may top six per cent next year, eclipsing the preponderance of regional and global peers, according to a new report from consulting firm Mekong Strategic Partners Co Ltd (MSP). The rollout of jabs has firmly positioned the Kingdom among the global […]
Read MoreThailand is heading for a rare current account deficit this year with the country missing out on the billions of dollars earned from tourism, likely piling more pressure on the nation’s already battered currency. Southeast Asia’s second-largest economy may post a current account shortfall of $10.3 billion, or 2% of gross domestic product, the first […]
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