Officials are expecting the outbreak of COVID-19 to slow the development of Dawei Special Economic Zone (SEZ) in Tanintharyi Region. “The virus is affecting the development process, including road construction,” said U Tin Htoo Naing, secretary of Dawei SEZ. Things are being delayed just as foreign investors were showing interest in the project. International investors […]
Read MoreMalaysia’s hotels and tour operators are lamenting the limited assistance offered by the government’s latest economic stimulus package, which has dedicated an additional RM10 billion (US$2.3 billion) to lift SMEs impacted by the country’s movement control order (MCO). The latest stimulus package is the third of its kind introduced by the government, following a RM250 […]
Read MoreThe Hanoitimes – Both short- and long-term solutions are needed for enterprises to avoid severe consequences of the pandemic, said VCCI Chairman Vu Tien Loc. Eighty two percent of Vietnamese enterprises have anticipated losses in revenue in 2020 compared to the previous year, of them 30% expect a decline of 30 – 50% and other 22% […]
Read MoreIndonesia’s new debt is expected to triple this year as the government struggles to fund its fight against the COVID-19 pandemic. According to the newly enacted Presidential Regulation (Perpres) No. 54/2020 on the 2020 state budget revision issued on April 3, the government has increased deficit spending to Rp 1 quadrillion (US$61.5 billion) this year, a […]
Read MoreMANILA, Philippines — The export of coconut oil, the country’s top agricultural export, is expected to decline this year due to an oversupply of global vegetable oils coupled with the decline in local copra production. In the latest report of the United States Department of Agriculture-Foreign Agricultural Service (USDA-FAS), coconut oil exports may decline to […]
Read MoreExports risk shrinking by up to 8% this year as the pandemic ravages global supply chains and economies, says an exporter group. Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers’ Council (TNSC), said the country’s export performance will become aggravated if the baht stays at an average of 30.50 baht against the US dollar. But […]
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Thailand
