MANILA, Philippines — The Duterte administration can still afford to unleash a bigger pandemic stimulus, thanks to still “sufficient” fiscal space that the government should use to prevent a massive economic scarring. Although last year’s pandemic spending ballooned government debt, as a share of the economy, to 54.6% from a record-low 39.6% in 2019, it […]
Read MoreThere will be penalties for people who break their 14-day mandatory stay in Phuket as the provincial government has been given full authority to impose a fine or withdraw quarantine-free privilege from tourists. The regulations, published in the Royal Gazette, not only grants permission to Phuket to reopen without quarantine to inoculated tourists but also authorised nine […]
Read MoreKUALA LUMPUR, June 29 — Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz hinted today at the possibility of raising the statutory debt ceiling amid growing appeals for the government to inject more money into an economy hit by a fresh round of Covid-19 containment measures. Zafrul said some of the money to fund the […]
Read MoreHotel operators in Phuket say they are ready to reopen and have prepared measures to receive foreign visitors when the island province reopens under the Phuket Tourism Sandbox scheme on Thursday. The Bangkok Post talked to several hotel operators on the southern island about what they have done to prepare themselves to curb the spread of Covid-19 […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is likely to avoid the pre-emptive tightening of its policy stance amid the continued decline in bank lending due to the impact of the pandemic, according to Fitch Solutions Country Risk and Industry Research. The research arm of the Fitch Group said the BSP is likely […]
Read MoreThe baht opened at 31.93 to the US dollar on Tuesday, unchanged from Monday’s closing rate. The Thai currency is likely to move between 31.85 and 32.00 during the day, Krungthai Bank market strategist Poon Panichpibool said. He said the most important factor influencing the baht was the Covid-19 crisis in Thailand, and the vaccine […]
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