Daily consumption of fuel in the May 1-11 period fell sharply across all types, mainly attributed to the government lockdown and travel restrictions to curb the spread of the coronavirus, according to a report by the Energy Business Department. Total gasohol and petrol consumption dropped 11.3% to an average of 28 million litres a day […]
Read MoreThe Hanoitimes – Vietnam holds a number of advantages against other countries at a time when investors are looking to exit China, according to experts. On May 3, the Japanese government said it would spend US$2.2 billion of the country’s economic stimulus package to help firms shift production out of China. Meanwhile, the Economic Times reported […]
Read MoreBSP still confident of full-year growth MANILA, Philippines — Remittances from overseas Filipino workers (OFWs) fell to their lowest level in eight months last February, but the Bangko Sentral ng Pilipinas (BSP) remains confident of positive growth this year amid the coronavirus disease 2019 or COVID-19 pandemic. The central bank yesterday reported that personal remittances […]
Read MoreIndonesia’s imports have fallen for 10 consecutive months in April as manufacturing companies cut production output while consumer demand continues to shrink amid the COVID-19 pandemic, signaling cooling economic activity going forward. The country recorded US$12.54 billion in imports in April, an 18.58 percent drop from the same period last year. Imports of consumer goods […]
Read MoreThe government has embarked on the next phase of economic reopening with confirmation that shopping malls, department stores and food courts will be among the businesses allowed to resume tomorrow, albeit with public health and safety stipulations. The market has already priced in a partial recovery of economic activity in the second half of 2020; […]
Read MoreThe latest labour force survey in Brunei Darussalam showed that the unemployment rate hit 8.7 per cent in 2018. Although this was down from 9.3 per cent in 2017, it was still the highest unemployment rate in Southeast Asia. This was highlighted recently by the Asia Development Bank (ADB), in its Asian Development Outlook (ADO) […]
Read More
Thailand
