Saturday, November 27, 2021
SMEs
The role of SMEs is quite substantial in many countries, especially in emerging and developing countries. SMEs account for a large share of total employment, job creation, and GDP in many emerging economies. Now, this is really important, especially if we take into account that 600 million jobs will be...
Thailand has increased the ceiling of its public debt-to-gross domestic product (GDP) ratio to 70 percent from 60 percent, allowing the government to raise more funds to help a struggling economy. The decision was made by the State Monetary and Fiscal Policy Committee chaired by Prime Minister Prayut Chan-o-cha on...
In a world where the average lifespan of a company is less than 20 years, there is a country that defies the statistics. Japan is home to most of the old companies in the world. The Shinise, as these ancient businesses are known, are considered national treasures and some of...
Economic activity next year in Malaysia and India, two of the countries most affected by Covid-19 outbreaks in recent months, is expected to recover faster than earlier forecast, latest surveys show. Malaysia’s growth outlook was upgraded by the most in the region -- 85 basis points to an expansion of...
Hong Kong's economy is expected to catch up with rival financial hub Singapore's pace of expansion this year for the first time since 2008, as it recovers from a pandemic-induced downturn. Economists have raised their growth forecasts for Hong Kong by 0.7 percentage points to 6.7 per cent this year,...
Japan’s economy was expanding at a faster pace than initially estimated last quarter ahead of a record surge in virus cases that contributed to Prime Minister Yoshihide Suga’s decision to step down. Gross domestic product grew at an annualized pace of 1.9% in the three months to June, buoyed by...
Malaysia's local businesses remain pessimistic for their business condition in the third quarter of the year (3Q21) amid Covid resurgence nationwide. The Department of Statistics Malaysia (DOSM) said in its Business Tendency Report that the confidence indicator further dipped to -21.3 per cent in the reference quarter as against -3.1...
The International Monetary Fund (IMF) gave the Philippines $2.8 billion (P139.4 billion) worth of special drawing rights (SDRs), boosting the country's foreign exchange buffer and adding a funding source for COVID-19 expenses. The allocation is part of the IMF's $650 billion in SDRs, the largest distribution made in the multilateral lender's...
In just two decades Vietnam's exports have skyrocketed. In the same time period, their GDP per capita also took a big jump from from $390 dollars in 2000 to $2,800 dollars in 2020. And, this is probably the only nation in Southeast Asia whose economy remained in a good shape...
Malaysia lowered its 2021 economic growth forecast for a second time, as renewed movement restrictions and rising infections hamper the recovery. Gross domestic product is expected to expand 3%-4% this year, the Central Bank of Malaysia said on Friday (Aug 13), down from an earlier estimate of 6%-7.5% growth. Malaysia’s economy shrank 2% in the...
The bio-circular and green (BCG) economy is likely the best model in the short term to revitalise a Thai economy battered by Covid-19 outbreaks, says Suvit Maesincee, the former higher education, science, research and innovation minister. Based on Thailand's strengths in agriculture, its rich natural resources, diversity and physical geography,...
Singapore’s economy is set to expand at a faster rate than the government previously expected as the city-state shakes off an uptick in virus cases and looks to re-open more sectors through year-end. Singapore revised its forecast for annual economic growth to 6%-7%, the Ministry of Trade & Industry said...

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