Consumer confidence slumped to a historic low in March as people worried about the spread of the coronavirus, which is estimated to cost 1-1.5 trillion baht in losses to the economy in the first half of this year. The University of the Thai Chamber of Commerce (UTCC) reported yesterday that the consumer confidence index fell […]
Read MoreThe Consumer Price Index (CPI) in February increased by 1.4 per cent year-on-year compared to February 2019. Prices of Food and Non-Alcoholic Beverages increased by 1.0 per cent. Meanwhile, Non-Food prices increased by 1.5 per cent. The CPI increase was largely attributed to increases in the prices and costs of Miscellaneous Goods and Services (11.4 […]
Read MoreMANILA, Philippines — Without social aid, the economic slump from the coronavirus global pandemic would likely wipe out three decades of gains in fighting poverty, with nearly half of new poor people coming from East Asia and the Pacific, a new study showed. The region, which includes the Philippines, could host “40% of the new […]
Read MorePETALING JAYA: Fitch Ratings has affirmed Malaysia’s long-term foreign-currency issuer default rating (IDR) at “A-”. The agency has however revised the outlook from “stable” to “negative”. According to a statement by Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz, yesterday, Fitch has also projected the Malaysian economy to register a growth of 5.8% in […]
Read MoreAs a pre-emerging to emerging economy, Cambodia has been tagged as a “most at risk” country by the World Bank’s recent economic outlook report. But the nation’s Central Bank has stated they have limited measures to administer independent fiscal policy to combat the recent global economic fallout from strict COVID-19 health measures. The World Bank […]
Read MoreThe Hanoitimes – In addition to stimulus packages, the government is scheduled to issue a comprehensive resolution detailing drastic measures to help spur economic growth. The Vietnamese government will take further bold measures to avoid economic contraction and even collapse, according to Prime Minister Nguyen Xuan Phuc. A disruption to socio-economic activities and failure to set […]
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Thailand
