Thais are flocking to Bangkok’s Chinatown to sell their gold jewellery as the price of the precious metal spikes and the economy tanks due to the coronavirus pandemic. Gold surged to a seven-year high on Tuesday to US$1,731.25 an ounce, following global moves led by the US to reinflate economies with trillions of dollars of […]
Read MoreThe COVID-19 pandemic is driving the airlines, hospitality, restaurants and related support industries to the brink. Amid all these, Cambodia Angkor Airline the national carrier of Cambodia, a Cambodia, Vietnam Airline joint venture, is facing turbulent times with the minority partner putting its stake for sale, including its five aircraft. Sin Chansereyvutha, spokesman of the […]
Read MoreThe Commerce Ministry is scheduled to meet manufacturers, modern trade operators and department stores on Thursday to ask for cooperation on lowering prices of essential goods for consumers, with a focus on food and daily use products to reduce the cost of living for people hurt by the pandemic. Local diesel prices, which is a […]
Read MoreJAKARTA: Indonesia posted a larger-than-expected trade surplus in February with exports surging and imports contracting amid disruptions in global supply chains due to the coronavirus outbreak, data from the statistics bureau showed. Southeast Asia’s largest economy had a $2.34 billion surplus in February, compared with the $90 million surplus expected in a Reuters poll. The […]
Read MoreSINGAPORE: While Asian housing markets from Hong Kong to Bangkok buckle under the outbreak of coronavirus, Singapore seems to be holding up, at least for now. Sales in the city-state jumped 57% to 975 units in February, from 620 in January, according to Urban Redevelopment Authority data released Monday. It’s the highest February total since […]
Read MoreLocal supermarkets have been packed with shoppers since the evening of March 12 and some goods have been out of stock. The panic buying was sparked by rumours that the government planned to close schools and cinemas for up to a month, and that a patient had tested positive for COVID-19 at the Yangon General […]
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Thailand
