The Hanoitimes – By the end of 2019, Vietnam’s public debt had significantly dropped to 55% of GDP from 63.7% in 2016. Vietnam could afford widening public debt by additional 2 – 3 percentage points of GDP to mitigate negative Covid-19 economic impacts, as the ratio of public debt to GDP in this case would still […]
Read MoreKUALA LUMPUR, August 11 — The Malaysian Trades Union Congress (MTUC) warned today that the unemployment rate among Malaysians will soar further and employers may start hiring more foreigners if the government continues to turn a blind eye to the current wage rate in the country. MTUC secretary-general J. Solomon also singled out Human Resources […]
Read MoreOptimism is in sight for the upcoming Khmer New Year holiday for a once-bustling village on the island of Koh Rong Samloem. Cambodia’s tourism sector has been reeling from the loss of the average 6 million annual tourists since the borders were mostly closed earlier this year. As the COVID-19 pandemic first spread around the […]
Read MoreThai Immigration’s response to COVID-19 has had a profound impact upon the overall system. Many were stranded in the Kingdom. Meanwhile, many have been stranded abroad waiting to return to family, business, or their prior living arrangements. The Immigration system is in a substantial state of flux and requirements are subject to change with little […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) sees no immediate need to further cut interest rates, reiterating that the economic fallout from the coronavirus pandemic is temporary. In a television interview, BSP Governor Benjamin Diokno said the country’s current monetary policy stance would hold for the next few quarters as it works with […]
Read MoreA week after it launched the COVID-19 wage subsidy program, the government announced on Monday that it had increased the scheme to cover a total of 15.7 million workers to spur household consumption and prevent the economy from slipping further. From its initial target of 13 million workers, the government increased the number of targeted recipients by an additional 2.7 […]
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Thailand
