THE International Monetary Fund (IMF) believes the Philippines will lead the growth among the Association of Southeast Asian Nations (Asean) this year, amid the lingering effects of the pandemic globally. In its World Economic Outlook (WEO) released on Tuesday night, the IMF data showed an upgrade of its Philippine growth…
The government has decided to extend tax exemptions to sectors ravaged by the Covid-19 outbreak, to allow businesses breathing space for recovery and boost economic growth amid a lingering uncertainty over the convergence of crises brought on by the pandemic.
Standard & Poor’s (S&P) Global Ratings on November 23 evaluated the Stand-Alone Credit Profile (SACP) of locally-owned publicly-listed Acleda Bank Plc at “BB” and Credit Ratings at “B+/Stable/B”.
Singapore-based ASEAN Plus Three Macroeconomic Research Office (Amro) has forecast Cambodia’s economic growth at a moderate 2.8 per cent in 2021, tempered by uneven growth across sectors. This projection is more upbeat than than the International Monetary Fund’s (IMF) 2.2 per cent and Asian Development Bank’s 1.9 per cent.
The swift and steady progress of the Asean+3 economies the latter are China, Japan and South Korea in mass vaccinations will be a game-changer for containing Covid-19 and spurring economic recovery.