Cambodia and its Asean member states are working together to restore the tourism industry in the region in the context of the pandemic spread, according to the Ministry of Tourism. Thong Rathasak, the Ministry of Tourism’s director-general, who joined an Asean tourism committee meeting via video conference from June 15-23 said that the 10-nation Asean […]
Read MoreThe Bank of Thailand has reduced its economic outlook to a contraction of 8.1% this year, deeper than the 1997 financial crisis, but kept the policy rate on hold at 0.50%. The latest economic forecast for 2020 is worse than the record contraction of 7.6% for the Tom Yum Kung crisis, said Don Nakornthab, senior […]
Read MoreMANILA, Philippines — The International Monetary Fund (IMF) expects the Philippine economy to contract by 3.6 percent this year amid a deeper global economic slump caused by the coronavirus disease 2019 or COVID-19 pandemic. Yongzheng Yang, IMF resident representative to the Philippines, attributed the downward revision of the Philippines’ gross domestic product (GDP) outlook to […]
Read MoreKUALA LUMPUR, June 25 — Malaysia’s bid to rise in the economic value chain is set to stay stagnant, according to Fitch Macro Country Risk and Industry Research that predicted the country’s growth for the coming 10 years to be half what it was in the past decade. The Fitch Solutions unit published a report […]
Read MoreThe Cambodia Freight Forwarders Association (CFFA) yesterday said the on-going COVID-19 pandemic is seriously damaging logistic providers, with about 10 to 15 percent heading for bankruptcy in the upcoming months. Until now, the best way to describe the local logistics business it is becoming more “serious”, with many providers struggling to survive, CFFA President Sin […]
Read MoreThe first group of foreigners to be allowed to enter Thailand will comprise business representatives, skilled workers, experts, people with Thai families, teachers, students and patients who agree to quarantine, according to the government. Taweesilp Visanuyothin, spokesman of the Centre for Covid-19 Situation Administration (CCSA), on Wednesday elaborated on the government’s plan to allow foreign […]
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