Experts have warned that the waves of panic buying seen in many supermarkets in Jakarta in recent weeks may contribute to an increase in inflation and hurt the country’s consumption growth in the long run. “The danger of panic buying is that it can create inflation, especially for staple foods,” a senior economist at the […]
Read MoreLAOS could see its economy grow 6.1 per cent in 2020, with recovery from last year’s natural disasters stymied by the Covid-19 pandemic, a preliminary assessment by the ASEAN+3 Macroeconomic Research Office (AMRO) found. Laos was hit by severe floods in the the second half of the last year, resulting in a lower-than-expected full-year gross domestic […]
Read MoreSingapore will be closing its borders to all short-term visitors as it ramps up border control measures to conserve resources and to reduce further importation of Covid-19 cases. From 2359 hours on Mar 23, all short-term visitors will no longer be allowed to enter or transit through Singapore. Where work pass holders are concerned, the […]
Read MoreMANILA, Philippines — The Philippine economy is expected to “barely grow at all in 2020 as a whole,” but is expected to rebound strongly in 2021 to register a growth rate of 8.5 percent, said London-based Capital Economics. In a research brief issued over the weekend titled “Currencies under pressure, virus apreads in S E Asia,” […]
Read MoreThe rupiah breached Rp 16,000 against the US dollar on Friday, the weakest since the 1998 crisis, taking its toll on central bank reserves, corporate debt obligations and import-reliant industries as the COVID-19 pandemic prompts an Indonesian asset selloff. Bank Indonesia (BI) Governor Perry Warjiyo said on Friday that the central bank had spent Rp […]
Read MoreAs the 40th anniversary for the reintroduction of the riel approaches, Khmer Times has interviewed numerous Cambodians from all walks of life and all parts of the Kingdom to gauge feeling about the move. We have asked many different questions and received many different answers, but the one response that has remained consistent from all we spoke […]
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Thailand
