APAC corporates likely to improve in 2021 Moody’s Investors Service says in a new report that credit conditions in APAC will improve in 2021, supported by the gradual recovery of economic activity given the early containment of the pandemic in several Asian economies. Ongoing fiscal and monetary support in both advanced and emerging markets will…
Can Fintech drive a strong post-COVID-19 recovery in Asia? The pandemic has highlighted the power of digital technology. Now is the time to harness this power for inclusive growth so that communities, especially in poor and remote areas, can survive the crisis and thrive. To say 2020 has been a challenging year is a massive…
BoT sees mild impact of new COVID-19 wave on the economy The Bank of Thailand (BoT) does not see the new wave of COVID-19 infections as having as much of an impact on the economy as the first wave, as fewer businesses have had to be suspended. BANGKOK (NNT) – Despite a new and wider…
Thailand’s Public debt to GDP ratio within framework says Finance Minister Currently, Thailand’s ratio of public debt to gross domestic product (GDP) stands at 49.34 percent, which is below the Fiscal Sustainability Framework set at 60 percent. BANGKOK (NNT) – The Thai economy is gradually recovering, with monthly economic indicators, such as the consumer confidence…