MANILA: Any increase in capital outflows could make it more difficult for companies and governments to refinance foreign debt in developing East Asia, with Indonesia and Thailand most at risk, says the World Bank. Outflows pose “potentially disruptive implications for business operations and solvency on the corporate side, and for deficit financing and debt sustainability […]
Read MoreKUALA LUMPUR: Malaysia should take the opportunity from the current gloomy global economic environment to consolidate the country’s fiscal condition, says World Bank Chief Economist for East Asia and Pacific Region Sudhir Shetty. He said Malaysia should look at long-term economic sustainability instead of propping up growth in the short-term. “It’s time to consolidate on […]
Read MoreTHAI Beverage Plc (ThaiBev), Thailand’s biggest beverage producer, yesterday announced a major strategic reshuffle of executives under a revamped management structure that will back the company’s growth ambitions for its beer business in the Asean region. The restructuring was undertaken in the wake of the company’s acquisitions of breweries in Myanmar and Vietnam. Fraser and […]
Read MoreThe Hanoitimes – The latest data from the Business Climate Index (BCI) of the European Chamber of Commerce in Vietnam (EuroCham) shows that European companies are growing more confident of doing business in Vietnam. This growing confidence in Vietnam’s trade and investment environment can be seen in a six-point jump from the first quarter to the […]
Read MoreCambodia’s public debt-to-GDP ratio remains low risk this year. This means the Kingdom is able to afford more debt to maintain economic growth while assuring good returns on its investments, says Jarkko Turunen, a senior economist at the International Monetary Fund (IMF). Turunen, who leads the IMF team conducting the 2018 Article IV consultation with […]
Read MoreAlmost half of new mortgages in the second quarter had a loan-to-value (LTV) ratio of more than 90%, and those with a loan-to- income (LTI) ratio above five times made up nearly one-third, says a senior official at the Bank of Thailand. The data points to deteriorating credit standards, explaining why the central bank is concerned […]
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