MANILA, Philippines — The slow distribution of fiscal support as the pandemic wears on will contribute to the slow recovery of the economy, according to a London-based think tank. In a report, Capital Economics said the slow distribution of social assistance to vulnerable sectors may cause a slower economic recovery. “While second quarter gross domestic […]
Read MorePETALING JAYA: Declining household income, insufficient savings and a resurgence of the Covid-19 threat will likely dampen private consumption, a key component of the Malaysian economy, in the near term. The job prospect level would also dictate private consumption trends moving forward, amid unemployment which is expected to hover between 4% and 4.5% this year. […]
Read MoreThe Prime Minister of Vietnam has issued a plan to implement a memorandum of understanding on the development and connection of border trade infrastructure between Vietnam and Cambodia. The implementation started on August 19 and will last until October 2022. If the MoU is extended, the plan will continue to be carried out for three […]
Read MoreThe Hanoitimes – Online shopping revenue accounted for 4.9% of total retail sales of goods and services in 2019. Around 44.8 million people, or nearly 50% of Vietnam’s population, shopped online last year, according to the latest e-commerce report conducted by the Vietnam eCommerce and Digital Economy Agency (iDEA) under the Ministry of Industry and Trade […]
Read MoreABOUT 73 per cent of Singapore businesses expect to use at least one fintech product or service in the next 12 months, compared with 67 per cent in the past 12 months. This comes as businesses are looking to improve their operational efficiencies, according to findings from a new regional survey by global professional accounting […]
Read MoreAn elevated fiscal deficit will result in growing public debt, which will ramp up pressure on the country’s debt servicing capacity amid the Covid-19 crisis. The government has estimated the budget deficit will rise from 6.69 trillion kip, equal to 3.7 percent of the country’s gross domestic product (GDP), to 10.3 trillion kip (5.7 percent […]
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Thailand
