The worst is yet to come for consumers, as rice packers warn that packaged rice prices are likely to increase further after domestic rice prices rose by 20-30% since the start of the year, mostly due to drought and a sharp rise in demand in light of the pandemic. Somkiat Makayatorn, honorary president of Thai […]
Read MoreRanging from small startups to large multinational corporations, businesses across the board have been gearing up contingency plans for if the government orders a lockdown as the coronavirus pandemic escalates in Thailand. In the latest worst-case scenario projected by the Thoracic Society of Thailand, there could be 200,000 people infected with the coronavirus and 540 […]
Read MoreHANOI: A summit of Southeast Asian and other international leaders scheduled in Vietnam early next month has been postponed until end-June due to worries about the coronavirus pandemic, Vietnam’s Foreign Ministry said on Thursday. Vietnamese Prime Minister Nguyen Xuan Phuc has informed leaders of other Southeast Asian countries about the postponement, the ministry said. The […]
Read MoreThe Thai Industries Sentiment Index (TISI) in February hit its lowest level in 21 months, dropping to 90.2 because of weak purchasing power and the effects of the coronavirus outbreak, according to a report of the Federation of Thai Industries (FTI). Delays in this year’s fiscal budget and Eastern Economic Corridor (EEC) scheme as well […]
Read MoreCambodia’s small businesses are feeling the economic punch of the ongoing COVID-19 pandemic, leading them to seek government help. Associations working with the micro companies have backed the call. These include the Independent Democracy of Informal Economy Association (IDIEA), which said that while a full assessment of the financial impact on the sector has not […]
Read MoreThe rupiah depreciated 4.5 percent on Thursday as it nears Rp 16,000 per US dollar, a level unseen since the 1998 crisis, as Bank Indonesia’s (BI) easing move fails to entice investors on a selling-spree amid COVID-19 fears. The rupiah stood at Rp 15,912 against the greenback as of 3:40 p.m. BI on the same […]
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Thailand
