Despite relatively effective containment of Covid-19, the impact of the pandemic on Thailand’s economy has been more severe than expected and economic recovery remains elusive, with annual GDP poised to shrink by 8%, says the Asian Development Bank (ADB). The latest projection is a big dip from the bank’s April forecast of a 4.8% contraction, according […]
Read MoreThe price of live chicken and pig sales at farms during the Pchum Ben festival, a yearly peak season for local demand, saw a slight decline this year because of COVID-19, according to theCambodia Livestock Raisers Association (CLRA). Srun Pov, president of the CLRA, said that it is different from last year when both rose in price […]
Read MoreMANILA, Philippines — The Asian Development Bank (ADB) has recast its forecast for the Philippine economy to a deeper decline of 7.3 percent this year, citing subdued private consumption and investment amid the coronavirus pandemic. In its Asian Development Outlook (ADO) 2020 Update released yesterday, the Manila-based multilateral bank downgraded the outlook for the Philippines […]
Read MoreThe Hanoitimes – Vietnam’s installed capacity is set to increase to about 70 gigawatts (GW) by end-2022 (2019: 55GW), led mainly by private players and other government-owned entities. Electricity demand in Vietnam is forecast to continue to increase at an average rate of 9% a year from 2021 onwards, driven by rising industrialization, urbanization and affluence, […]
Read MoreAsia Development Bank’s latest report estimated the GDP of Myanmar to grow to 1.8 percent in 2020 compared to 6.8 percent in 2019 while the GDP of most Southeast Asian economies are estimated to contract. Like Myanmar, Vietnam’s GDP growth is expected to have 1.8 percent and Burnie’s 1.4 percent. Thailand’s GDP is estimated to […]
Read MoreIndonesia’s gross domestic product (GDP) is expected to shrink even further than projected in the third quarter as capital city Jakarta reimposes large-scale social restrictions (PSBB), Finance Minister Sri Mulyani Indrawati said Tuesday. The government previously expected the economy to post a flat growth at best or a contraction of 2.1 percent at worst in […]
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Thailand
