Articles worth reading
Image : At least 20 dead, 17 hurt in Ecuador bus crash

At least 20 dead, 17 hurt in Ecuador bus crash

person Orange Themes access_time Jan 14,2017

Yahoo News At least 20 people died and 17 were injured when a school vehicle collided with a bus in southwestern Ecuador, President Rafael Correa said Saturday. "There are 20 people killed... and 17 injured," he said in his weekly address. The

Image : Boko Haram attacks hinder aid delivery in southeastern Niger - agencies

Boko Haram attacks hinder aid delivery in southeastern Niger - agencies

person Orange Themes access_time Dec 01,2016

By Kieran Guilbert DAKAR (Thomson Reuters Foundation) - A spate of attacks by Boko Haram in southeastern Niger in recent months is hindering the delivery of aid to more than 200,000 people forced from their homes, aid agencies said on Thursday.

Latest blog articles

Moody’s and S&P affirms Vietnam’s sovereign rating

access_time May 03,2017 chat_bubble_outline 42 views

Two major credit rating agencies, Moody’s and Standard & Poor’s (S&P), on Friday affirmed Viet Nam’s sovereign rating, citing the country’s strong foreign direct investment (FDI) inflows, macroeconomic and external stability and modest external debt burden.

Moody’s and S&P affirms Vietnam’s sovereign rating

Moody’s has affirmed Viet Nam’s credit rating with positive outlook.

Moody’s affirmed the Government of Viet Nam’s B1 issuer and senior unsecured debt ratings, while it raised the outlook to positive from stable.

Moody’s B1 rating, four steps below investment grade, is considered relatively stable, with a moderate chance of default.

The company also raised its assessment of Viet Nam’s local-currency bond to Baa3 from Ba1, while the foreign currency bond remained at Ba2.

The positive outlook for Viet Nam is based on three key drivers, including strong FDI inflows, boosted by ongoing economic reform and liberalisation; macroeconomic and external stability; and the stabilization of prospective debt and an improved funding profile.

Moody’s noted that robust FDI inflows will continue to sustain Viet Nam’s dynamic economic performance relative to similar-rated peers, as it allows Viet Nam to diversify its economy and gain market share in international trade.

Viet Nam has seen significant improvements in the investment climate. Its ranking rose to 60th out of 138 countries in the 2016-2017 World Economic Forum Global Competitiveness Index, up from 70th in 2013-14, while its showings in the World Bank’s Doing Business Indicators similarly rose to 82nd out of 190 countries in 2017, and from 99th in 2014.

Further, Viet Nam has become a more important node in the regional supply chain for electronics, especially for mobile phones, as foreign investments have helped to diversify the economy towards higher value-added manufacturing. Its market share nearly doubled to 1.2 per cent of world exports in 2016, from 0.7 per cent in 2013.

Moody’s expected the country’s economic growth to remain robust at around 6.3 per cent per annum through 2019.

S&P Global Ratings on Friday also affirmed Viet Nam’s long-term ‘BB-’ credit ratings and short-term ‘B’ credit ratings with a stable outlook.

The ratings have reflected the country’s lower middle-income, banking sector weakness, and emerging institutional settings that hamper the responsiveness of policy.

“These weaknesses are offset by Viet Nam’s external settings that feature balanced external accounts, strong foreign direct investment inflows and a modest external debt burden,” S&P said in a press release.

The rating company said financial and technical assistance that Viet Nam has received from donors also contributed to the rating.

Its stable outlook reflected the company’s expectation that Viet Nam’s growth prospects will continue to improve, leading to gains in its key economic and fiscal measures, it said.

However, it has cautioned that the large fiscal deficit and rising debt burden, with net general government debt at 46.6 per cent of GDP in 2016, signal a further delay in fiscal consolidation. S&P estimates that the fiscal deficits will average 4.9 per cent of GDP over 2017-20, down from an average 6.4 per cent over 2012-16.


Suicide bombers target Mogadishu checkpoint, hotel

Mogadishu (AFP) - Twin suicide car bombs claimed by the Al-Qaeda aligned Shabaab insurgent group wounded nine people Monday at the entrance to Mogadishu's fortified airport and a nearby hotel, officials said.The first blast occurred at the Medina Gate entrance to Mogadishu airport, home to the UN, aid agencies and foreign missions and contractors as well as the headquarters of the African Union military mission, AMISOM.Soon afterwards another, larger vehicle exploded outside the Peace Hotel,… chat_bubble_outline Read More...

Can Japanese anti-flood strategy keep Ho Chi Minh City dry?

Ho Chi Minh City has approved a pilot project proposed by the Sekisui Chemical Co. from Japan to battle flooding using a reservoir lined with polypropylene plastic to store large amounts of water. The project is expected to reduce flooding across the city by 30 percent, by storing tens of millions of cubic meters of rainwater in large reservoirs around the city, according to local media reports. Sekisui said it will take about nine months to build the first reservoir with a capacity of about… chat_bubble_outline Read More...

Security ramped up for Boxing Day cricket test

MELBOURNE, Australia (AP) — Victoria Police say hundreds of extra officers have been deployed to the Melbourne Cricket Ground for the second cricket test between Australia and Pakistan on Monday as security was increased following a foiled terror plot.In raids on Friday police arrested four men who were allegedly plotting a Christmas Day attack in Melbourne's central city.Victoria Police Chief Commissioner Graham Ashton said additional uniformed police would be at the MCG on each day of the… chat_bubble_outline Read More...

GitLab and Digital Ocean parter to give developers cloud-based continuous integration

GitLab has partnered with Digital Ocean to let developers use the cloud as infrastructure for continuous integration. With this, developers with projects on GitLab will get free runners for continuous integration purposes. The company also says it will help with scaling and speed. “Together with DigitalOcean, we’ve taken the hurdles of expensive and slow build processes head on—changing the way developers approach the build process,” said Sid Sijbrandij, CEO and… chat_bubble_outline Read More...

Canada PM Trudeau to talk up trade in Europe

Canada's Prime Minister Justin Trudeau is a fervent supporter of free trade. (AFP/Brendan Smialowski) In a speech on Thursday to the European Parliament in Strasbourg, France, Trudeau is expected to heap praise on the Comprehensive Economic and Trade Agreement (CETA). "He will talk about how it is the most progressive trade agreement in the world and how it should serve as a model for subsequent trade agreements between countries," an official in his office said. Trudeau will also… chat_bubble_outline Read More...

folder_open Assigned tags



Trends in Singapore

Trends in Indonesia

Trends in Philippin