In case the US can fully disburse the entire US$1.9-trillion stimulus package, Vietnam’s GDP could expand by an addition of 0.76 percentage points. Vietnam could reach an economic growth in range of 6-6.3% in case the Covid-19 pandemic is fully contained domestically and the global economy returns to its upward trend. Chief Economist of the […]
Read MoreMANILA, Philippines — Forgone wages during the month-long quarantine restriction are expected to reach P83.3 billion as the government continues to rely on lockdowns to control surging COVID-19 cases. During the Cabinet meeting with President Duterte late Monday night, acting Socioeconomic Planning Secretary Karl Chua said loss of jobs and incomes is the consequence of […]
Read MoreHe predicted that in the short term the baht would weaken due to several factors, including the Covid-19 crisis in Thailand and other countries. Poon explained that the crisis has forced people to hold onto their safe-haven assets – the dollar, for example. He predicted the baht throughout the week would come under pressure from […]
Read MoreCambodia’s digital retail ecosystem was ranked first in Asia and second globally in the PricewaterhouseCooper (PwC) inaugural Central Bank Digital Currency (CBDC) Global Index. “Looking at the most advanced projects globally, retail efforts have already produced two live projects in the Bahamas and Cambodia,” the report said. “No interbank/wholesale CBDC projects have reached this maturity […]
Read MoreTHE national government’s proposed benchmark-sized euro bond offering has secured investment grade ratings by international debt watchers. In a statement released on Tuesday, S&P Global Ratings said it assigned a “‘BBB+’ long-term foreign currency rating to the proposed benchmark-size euro-denominated senior unsecured notes to be issued by the Philippines (BBB+/Stable/A-2).” Moody’s Investors Service, meanwhile, said, […]
Read MoreThe research centre said the downgrade came despite positive factors such as the upswing in exports as well as current and future government remedial measures. KResearch said the third wave of Covid-19, which emerged late last month, would impact previous predictions of 2 million foreign tourist arrivals this year. It pointed out that Thailand’s vaccination […]
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Thailand
