The latest labour force survey in Brunei Darussalam showed that the unemployment rate hit 8.7 per cent in 2018. Although this was down from 9.3 per cent in 2017, it was still the highest unemployment rate in Southeast Asia. This was highlighted recently by the Asia Development Bank (ADB), in its Asian Development Outlook (ADO) […]
Read MoreThe IMF downgraded the economic forecast for Thailand in 2020 to a contraction of 6.7%, making it the worst performer among its Asean peers if the multinational lender’s projection holds true. The revision is attributed to the economic toll of the coronavirus. Despite this, the IMF raised its estimate for Thailand’s economic growth to 6.1% […]
Read MoreIndonesia’s trade surplus and relatively resilient export figures in March may not be sustained in the near future and reflects a raw material supply disruption that threatens the growth of local manufacturing businesses, economists say. Even though Indonesia recorded a US$743 million trade surplus in March with a slight contraction in export and import growth, […]
Read MoreThe International Monetary Fund (IMF) has predicted Cambodia’s 2020 Gross Domestic Product will contract by -1.7 percent this year in line with a global contraction of -3.0 percent. The reduction in GDP represents an economic downturn the world has not seen since the Great Depression, caused by extreme COVID-19 quarantine measures. If the prediction is […]
Read MoreKUALA LUMPUR, April 16 — Four companies who originally managed to obtain approval from the Ministry of International Trade and Industry (Miti) to operate during the movement control order (MCO) had their permissions revoked for failing to comply with regulations, Datuk Seri Mohamed Azmin Ali revealed today. Without releasing the names of the four companies, […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) delivered on Thursday fresh monetary stimulus outside schedule, pushing down key rates to new record-lows. In a Viber message to reporters, BSP Governor Benjamin Diokno said the central bank slashed its overnight reverse repurchase rate by 50 basis points to 2.75% effective Friday. The rates on […]
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Thailand
