The Thai economy is set for a challenging recovery, as the disruption to exports proves a drag on headline growth. In the second quarter, real GDP growth contracted by 12.2%, from a revised contraction of 1.9% in the first quarter, resulting in a 7.1% drop in first-half GDP. Lockdown measures in force throughout most of […]
Read MoreThe Bank of Thailand (BoT) chief said on Monday it would take several years for foreign tourist numbers to return to the 40 million levels with the coronavirus pandemic hitting a lucrative industry that provides a lot of jobs. The BoT expects only 8 million foreign visitors this year, down 80% from last year’s record […]
Read MoreSINGAPOREANS’ headline inflation expectations for the year ahead declined slightly to 3 per cent in a June poll, down from 3.1 per cent in March, according to findings of the latest quarterly survey for the Singapore Index of Inflation Expectations (SInDEx) released on Monday by DBS and the Singapore Management University (SMU). The June figure was […]
Read MorePUTRAJAYA, July 17 — Human Resources Minister Datuk Seri M. Saravanan today gave his assurance that the government will look into the plight of GrabFood and Foodpanda riders through discussions with the respective companies. He said the complaints and problems raised by the food riders, especially on their welfare and fare rate, would be attended […]
Read MoreBank Indonesia (BI) has forecast a U-shaped recovery for the country’s economy as the coronavirus pandemic took a greater toll than previously expected, threatening to cause a deep contraction in the second quarter. Indonesia‘s economy could shrink between 4 and 4.8 percent in this year’s second quarter, BI senior deputy governor Destry Damayanti said on […]
Read MoreVIENTIANE, July 19: The government of Laos has chosen to keep its borders closed to foreign visitors, with testing and medical certification required before travelers can exit the country to ensure it remains free of Covid-19, reports the Laotian Times. Following the case of a Myanmar national who tested positive for Covid-19 after exiting Laos, the […]
Read More
Thailand
