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India to enjoy a strong cyclical rebound in 2021 but with structural challenges:Natixis

February 5, 2021

NEW DELHI -- India's economy fell sharply by -9.3% in the first three quarters of 2020 due to a pre-emptive strict lockdown in Q2 2020 to contain COVID-19. Excessive dependency on services, sharp supply constraints and limited manufacturing exports did not provide respite, according to the financial services group, Natixis.

APAC Corporate and infrastructure entities facing growing credit differentiation In 2021: S&P

February 9, 2021

SINGAPORE - A report released today by global ratings agency Standard and Poor's discusses the pace at which the corporate sector in China, Japan, Indonesia, India, and Australia and New Zealand is likely to recover from the COVID-19 pandemic. The report includes a list of credit trends on the radar of S&P Global Ratings analysts in 2021, including demand recovery, funding conditions, and financial discipline.

RMIT collaborates with Ho Chi Minh City to shape smart cities in Vietnam

January 28, 2021

HO CHI MINH CITY - The Royal Melbourne Institute of Technology (RMIT) and the Ho Chi Minh City People's Committee have brought international and industry experts together in HCMC to discuss the building blocks of smart and sustainable cities. The inaugural event brought together thought leaders from Australia, Singapore, Japan and Vietnam.

Thai Cabinet approves 90% reduction in land and building tax for 2021

January 28, 2021

BANGKOK - The Thai Cabinet has voted to reduce land and building taxes for the 2021 tax year by 90% of the amount calculated in accordance with the Land and Building Act, B.E. 2562 (2019) (the Land Tax Act). Similar to a reduction implemented last year, this measure intends to relieve the economic impact that the public and business operators have endured from the COVID-19 outbreak.

IMF tips growth for India on-year in FY22 at up to 11.5%

January 29, 2021

NEW DELHI -- The Indian economy will stage a strong rebound and grow as much as 11.5% on-year in FY22, according to the International Monetary Fund (IMF), which has revised upwards its earlier forecast of 8.8% expansion. On this basis, India would be the only key nation to record double-digit growth and reclaim its status as the world's fastest-growing major economy.

 

In its World Economic Outlook Update, released on Tuesday, the IMF predicted that China would grow by 8.1% in 2021, followed by Spain (5.9%) and France (5.5%). Its expected China, the only country to register growth (2.3%) in 2020, to expand by 5.6% in 2022.

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