Indonesia’s economic downturn is likely to be worse than previously expected as Southeast Asia’s largest economy struggles to contain the coronavirus pandemic, says the International Monetary Fund (IMF). Indonesia’s gross domestic product (GDP) is now expected to shrink by 1.5 percent this year rather than the 0.3 percent contraction the IMF had projected in June. […]
Read MorePETALING JAYA: The growth forecast for the Malaysian economy has been downgraded by CGS-CIMB Research following the government’s decision to enforce conditional movement control order (CMCO) covering Selangor, Kuala Lumpur and Sabah from Oct 14 to 27. The research house now expects the gross domestic product (GDP) to contract by 4.4% this year compared to […]
Read MoreMANILA, Philippines — Emerging market economies, including the Philippines, are facing constraints in government spending amid long-lasting revenue losses due to the coronavirus disease 2019 or COVID-19 pandemic, according to Moody’s Investors Service. The debt watcher said the ability of governments in emerging markets to implement and enforce effective revenue-raising measures would be an important […]
Read MoreThe Private Economic Development Research Board, under the Advisory Council for Administrative Procedure Reform, has proposed a 30% reduction in corporate income tax for all businesses this year. The proposal is faced with mixed reactions, however. The author of this article, from another angle, also believes it is not plausible. Specifically, according to the Private […]
Read MoreIn the financial year 2019-2020 which ends on September 30, US$5.689 billion of foreign direct investment has been pumped into Myanmar which is considered by many countries as the last frontier economy in Southeast Asia region, an increase of more than US$1 billion when compared to the same period last year, according to the latest […]
Read MoreBank Indonesia (BI) decided on Tuesday to keep its benchmark interest rate unchanged to safeguard the rupiah’s exchange rate amid financial market volatility but pledged to pursue other ways of quantitative easing to support the coronavirus-battered economy. The benchmark seven-day reverse repo rate was maintained at 4 percent for a fourth consecutive month, while the […]
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Thailand
