JAKARTA: The Supreme Audit Agency (BPK) has warned the government over a potential decline in its ability to service its increasing debt, after it hiked state spending in 2020 to finance economic stimulus measures as part of the national pandemic response. BPK chairman Agung Firman Sampurna said that interest payments on national debt relative to […]
Read MoreMANILA, Philippines — S&P Global Ratings has lowered anew its 2021 gross domestic product (GDP) growth forecast for the Philippines to six percent as the reimposition of strict lockdowns further restricted economic activity. Last March, the debt watcher slashed the growth forecast from its original peg of 9.6 percent to 7.9 percent the most optimistic […]
Read MoreWorld Bank on June 24 approved a $200 million International Development Association (IDA) credit for the Cambodia Relief, Recovery and Resilience Development Policy Financing Project (DPF), to provide a shot in the arm for the Kingdom’s Covid-19 fight and drive towards economic recovery. “The project will help Cambodia deal with the Covid-19 crisis by providing […]
Read MoreThe government will offer 50 billion baht in savings bonds next month to finance Covid-19 relief measures, the Finance Ministry said on Friday. The proceeds will be for spending measures including a co-payment scheme and cash handouts for low-income people, Patricia Mongkhonvanit, head of the ministry’s public debt management office, said. The cabinet approved an […]
Read MoreSINGAPORE – Manufacturing output in Singapore saw a huge jump in May, helped by a low base a year ago amid Covid-19 circuit breaker measures. Factory production expanded 30 per cent year on year – a seventh straight month of growth, according to data released by the Economic Development Board on Friday (June 25). This exceeded the […]
Read MoreFollowing in the footsteps of popular giants in the traditional press world, Vietnamese media groups are more keen to examine the prospects of new models that would charge readers for content online. In early June, The New York Times (NYT) announced there were 7.8 million subscribers on its print and digital platforms, 6.9 million of whom subscribed […]
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