KUALA LUMPUR -- The economic impact of the COVID-19 pandemic, combined with depressed oil prices and fiscal stimulus, will weaken the Malaysian Government's debt position for the next few years, according to Standard & Poor's, which is revising its outlook on Malaysia to negative. This reflects additional downside risk to the Government's fiscal metrics, owing to the weak global economic climate and heightened policy uncertainty, S&P says.
ATI Newswire - the latest updates
HONG KONG - S&P Global Ratings today affirmed its 'AA+' long-term and 'A-1+' short-term issuer credit ratings on Hong Kong., and said the outlook remains stable, reflecting the agency's expectation that Hong Kong's strong economic and financial metrics will allow the Government's creditworthiness to withstand fallout from prolonged social tensions and the COVID-19 pandemic over the next one to two years.
BANGKOK- Thailand's Cabinet this week approved a Bill amending the Civil and Commercial Code to allow a merger (Company A + Company B = Company A or Company B) as another method of business integration.
MELBOURNE --The Port of Melbourne today welcomed CMA CGM Ural, the largest container ship by maximum capacity to call at the port. The 299 metre-long vessel is one of six currently deployed on the South-East Asia - Australia trade route, known as the 'AAX1'.