State statisticians on Monday lowered the official second quarter gross domestic product (GDP) contraction to -16.9 percent from the earlier -16.5 percent. “Major contributors to the revision were real estate and ownership of dwellings, from -20.1 percent to -29.7 percent; wholesale and retail trade; repair of motor vehicles from -13.1 percent to -13.9 percent; and […]
Read MoreThe Federation of Thai Industries (FTI) plans to support a proposal to reduce the mandatory quarantine period for foreign tourists from 14 to 10 days during the Centre for Economic Situation Administration’s (CESA) meeting this week. This measure would improve business activities, said Supant Mongkolsuthree, the FTI’s chairman. “New ideas are needed to push the […]
Read MoreThe government’s plan to hand out payments of Bt3,000 to 15 million people will boost economic growth in the fourth quarter by an estimated 1-1.5 per cent, according to Thanavat Phonvichai, president of the University of the Thai Chamber of Commerce (UTCC). The government has yet to finalise details of the scheme, which is among […]
Read MoreA nationwide COVID-19 economic impact study has found that overall salaries across Cambodia have decreased by around 30 percent in just four months (between January and April this year) with entertainment and sex workers reporting an 85 percent decline in income. The study titled “The Effect of Covid-19 on Wage Workers” by Future Forum and […]
Read MoreMANILA, Philippines — Metro Manila and nearby provinces lost an estimated P1.5 trillion in sales for every month that these areas were on lockdown, according to the Department of Finance (DOF). Citing estimates from the National Economic and Development Authority (NEDA), Finance Secretary Carlos Dominguez said during the Sulong Pilipinas Forum on Tuesday that imposing […]
Read MoreNEARLY three in four Singapore organisations are accelerating their pace of digitalisation in response to the Covid-19 pandemic, according to a study on innovation by Microsoft Asia and IDC Asia/Pacific released on Thursday. The study surveyed 202 business decision makers and 219 workers in Singapore within a six-month period, before and since the pandemic. Those […]
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Thailand
