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But more needs to be done to ensure sustainability and economic recovery, say experts.
The paper says that there are no easy short-term fixes to the Philippine's current economic crisis caused by Covid-19.
Affirmation reflects confidence in country’s policies
PETALING JAYA: S&P Global Ratings (S&P) has affirmed Malaysia’s foreign currency and local currency long-term issuer ratings at A- and A, respectively, with a negative outlook.
KUALA LUMPUR (Bernama) -- S&P Global Ratings’ (S&P) affirmation of Malaysia’s sovereign credit ratings is a testament to the country’s strong external position, monetary policy flexibility, recognised track record of supporting sustainable economic growth as well as economic resilience during times of uncertainty, said the Ministry of Finance.
BRUSSELS (Reuters) - States that invest too little in public health could have their credit ratings cut, according to the chair of a World Health Organization panel that wants a new global body set up to spell out the risks to financial stability from healthcare failures.
THE upcoming listing of CTOS Digital Bhd has put the spotlight on credit reporting, a technology-driven multi-billion industry that holds vast potential in the Asean region.
NEW YORK/LONDON: Indian financial markets have struggled this month as the world's worst COVID-19 crisis engulfs the country but international investors are betting the economy will rebound quickly once the pandemic has passed.
BEIJING (China Daily/ANN): The global economy would not exist without the ocean. Ocean-based industries contribute US$1.5 trillion annually and hundreds of millions of jobs in fishing, shipping, marine tourism, and renewable energy. These economic services, however, are at risk due to unsustainable marine practices and overexploitation of ocean resources.