While a number of large manufacturing companies are adapting to the shifts in demand toward health equipment and basic necessities during the COVID-19 pandemic, widespread layoffs and furloughs have still been seen with small and medium-sized manufacturers struggling. Industry Minister Agus Gumiwang Kartasasmita said the industrial landscape was changing during the pandemic with some industries thriving […]
Read MoreThe Bank of Thailand should ensure the baht is competitive and has a trade advantage as the coronavirus pandemic hits the economy, Deputy Prime Minister Somkid Jatusripitak said on Wednesday. The economy, which is heavily reliant on exports and tourism, could lose more than a trillion baht and up to 10 million jobs. While overall […]
Read MoreGEORGE TOWN, April 22 — Penang has set up a special taskforce to formulate a strategy to revive the state’s tourism industry in the “next normal” after the movement control order (MCO), said Chief Minister Chow Kon Yeow. He said the taskforce will gather views from tourism stakeholders in the state so that they could […]
Read MoreThe government remains positive that exports are unlikely to plunge by 8-10% this year as predicted by several forecasting agencies. Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office under the Commerce Ministry, said that despite challenging global factors such as the coronavirus pandemic, there are supporting factors for exports during the rest of […]
Read MoreBrunei Darussalam’s economy is forecast to be strong and able to record a respectable growth rate this year despite the COVID-19 pandemic. This is supported by development in various industries and in the agriculture sector in the Sultanate which have shown positive growth over the past two to three years. This was highlighted by Minister […]
Read MoreThe government will reduce trade restrictions and red tape to facilitate the import and export process during the COVID-19 outbreak. Starting April 20, the customs department will reduce customs duties for businesses operating with the Myanmar Automated Cargo Clearance System (MACCS). Paperwork will also be streamlined, with an electronic version of Form D for preferential […]
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