MANILA, Philippines – The proportion of government’s debt to gross domestic product (GDP) improved in 2016 due to debt management measures and robust economic growth during the period, the Department of Finance (DOF) reported yesterday. In a statement, the DOF said the government’s debt-to-GDP ratio in 2016 eased to 34.6 percent as compared to the […]
Read MoreHANOI (Reuters) – Every 45 seconds or so, a neatly wrapped VanHeusen dress shirt destined for a J C Penney store in the United States drops off a new production line at a factory north of Vietnam’s capital. Next door, rice paddies the size of 40 football fields have been filled for the $320 million […]
Read MoreAlthough growth in Cambodia’s consumer price index (CPI) went up by 4.3 percent year-on-year in March, according to latest figures from the National Institute of Statistics, an expert maintains that the increase in cost of living will have minimal effect on the lives of Cambodians. Chan Sophal, director of the Center for Policy Studies, told […]
Read MoreMANILA, Philippines – Credit Suisse has lowered its gross domestic product (GDP) growth forecast for the Philippines to six percent instead of 6.4 percent this year amid the projected weak private consumption and slower exports. Michael Wan, economist at Credit Suisse, said in the bank’s latest fixed income research titled “Philippines – consumer pains: Turning […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures rebounded from a one-week low to end the trading day slightly higher, supported by a weaker ringgit which makes the tropical oil cheaper for holders of foreign currencies. The ringgit, in which palm oil is traded, hovered at 3-week lows during Thursday’s trading session, closing at its intraday low of 4.2855 against the U.S. […]
Read MoreThe Myanmar government urged EU companies to invest in the country’s energy sector as industry insiders noted that gas exploration is one of the biggest opportunities in the power-hungry Southeast Asian country. Xavier Preel, general manager of Total E&P Myanmar, said energy and infrastructure are the two main priorities of the current government. “Our counterpart […]
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Thailand
