ASEAN Region Weekly (23 Aug. 2019)

Lao PDR

Laos’ public debt to Gross Domestic Product ratio is expected to decline slightly if the government continues its fiscal consolidation, the World Bank reported recently. (Vientiane Times)

Laos’ public debt to Gross Domestic Product ratio is expected to decline slightly if the government continues its fiscal consolidation, the World Bank reported recently. (Vientiane Times)

Myanmar

Myanmar has accumulated US$10.2 billion in debt owed to more than 20 countries and multilateral organisations, the Joint Public Accounts Committee of the Pyidaungsu Hluttaw noted in a report on the Union budget for the 2017-18 fiscal year. (Myanmar Times)

Philippines

The central bank’s latest 2.6 percent inflation average forecast for 2019 has factored in a modest GDP growth assumption of six percent for the year, according to Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno. (Manila Bulletin)

Singapore

Singapore’s economy would suffer if relations worsen between the US and China, but the city-state must stay independent in the conflict between its two biggest trading partners, Prime Minister Lee Hsien Loong said Sunday. (Bloomberg)