MANILA, Philippines — Business group Federation of Filipino Chinese Chambers of Commerce and Industry Inc. (FFCCCII) expects the economy to recover and post a 7.5 percent growth by next year with the further reopening of more sectors. “We at the FFCCCII strongly support the country’s approach to gradually reopen our Philippine economy, while still upholding strict […]
Read MoreKUALA LUMPUR: Fitch Rating’s decision to downgrade Malaysia’s long-term foreign currency issuer default rating (IDR) to BBB+ from A- is unlikely to impact its financial markets on a sustained and significant basis, RHB Research said. It said on Monday the downgrade was unlikely to be followed by S&P and Moody’s in the next few months. […]
Read MoreThailand’s current account surplus is set to shrink in 2020 before recovering gradually through 2021. In the period from January to August, the cumulative current account balance shrank by 38.2% year-on-year as the services account proved a more significant drag than we had anticipated. Indeed, our downward forecast revision for a shallower current account surplus […]
Read MoreThe Hanoitimes – The inflation in 2020 is forecast at 3.3%, significantly lower than the target of 4% set by the government. Current low inflation is opening up room for the State Bank of Vietnam (SBV), the country’s central bank, for further cutting its policy rates and aid the economic recovery process. November consumer price index […]
Read MoreKUALA LUMPUR: Malaysia recorded a 78.6% fall in tourism arrivals from January to September contraction in the tourism industry due to the Covid-19 pandemic which has impacted the tourism sector globally. Bernama reported on Monday the number of tourists fell to 4.29 million compared with over 20.10mil in the previous corresponding period with the Movement […]
Read MoreThe Hanoitimes – Across the first half of 2020, the government approved an additional 91 wind energy projects, onshore and offshore, with a total capacity of over 7GW. As Vietnam looks to expand its renewables capacity, the country is emerging as one of the largest markets for wind power development worldwide, with approximately 7GW of net […]
Read More
Thailand
