The Hanoitimes – The State Bank of Vietnam is ready to sell foreign currency to ensure forex market stability if necessary. The State Bank of Vietnam (SBV), the country’s central bank, has the necessary resources, capabilities and instruments to stabilize macro-economic conditions and the monetary market, according to Pham Thanh Ha, head of the SBV’s Monetary […]
Read MoreIndonesia booked a state budget deficit of Rp 62.8 trillion (US$4.07 billion) as of February this year at a time when the government is rolling out multi-billion dollar stimulus packages to cushion the economic impacts of the COVID-19 pandemic. Government spending growth slowed compared with the same period last year and revenue dropped, the Finance […]
Read MoreKUALA LUMPUR: As the Covid-19 pandemic continues to develop, there could be an increase in demand for vegetable oils in China as the situation there improves even as demand slows in other countries hit hard by the outbreak. According to Affin Hwang Capital research, which has a neutral outlook on CPO, the impact on food […]
Read MoreThe Lao government has announced it will close all educational institutions and suspend the issuance of visas for foreign visitors for thirty days as part of tough new measures to prevent a Coronavirus (Covid-19) outbreak in Laos. The Prime Minister made the announcement at a press conference as he concluded the first day of the […]
Read MoreThe government and private sector have assured the nation that their combined stockpile of rice will be more than enough to supply domestic demand during the ongoing Novel Coronovirus situation. With numbers of reported cases rising to 35 in the past few days, panic buying – a term used to describe bulk purchasing of essential […]
Read MoreThe Tourism Ministry will seek a reprieve for some 500,000 tourists who will end up overstaying their visa now that countries in Europe have started sealing their borders to deal with Covid-19. “Most of the remaining tourists are long-stay elderly travellers from Germany, Italy and Russia who spend their winters here. They came to Thailand […]
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