The aviation sector can only recover in 2021 according to an official from the Ministry of Transport. Tran Bao Ngoc, head of the Transportation Department under the Ministry of Transport said that the aviation was the hardest-hit. Local airlines have nearly stopped all domestic and foreign flights. After social distancing rules are relaxed, they can […]
Read MoreThe economy would improve once businesses reopen and employ people, and tourism resumes, with measures in place to give visitors confidence in their safety, Prime Minister Prayut Chan-o-cha said on Friday. He was replying to questions about the next step in relaxing the nationwide lockdown imposed to prevent the spread of coronavirus disease. Speaking about […]
Read MoreAgriculture and Rural Development Bank (ARDB) is considering to lower down the interest rate from 6 percent to 5 percent to support the farmers. At present, ARDB is providing the loan from $10,000 to $300,000 with the 6 percent per annum for working capital (two years period), and investment capital is 6.5 percent per annum […]
Read MoreThailand’s economic performance in the first quarter was not good and the current quarter will be worse as the nation faces the full impact of the coronavirus pandemic, Deputy Prime Minister Somkid Jatusripitak said on Friday. The key economic drivers of exports and tourism were weak as the global economy was not good, so the […]
Read MoreThe effect of coronavirus disease 2019 or COVID-19 on the Philippine economy for the rest of the year deserves attention. The good prospects entertained for 2020 have been shattered by the onslaught of the pandemic, which required extreme measures that has put the economy to a halt. Assessing the immediate future. What is in store as […]
Read MoreIndonesia’s household spending is expected to contract this year as consumers turn pessimistic amid the COVID-19 pandemic, which has disrupted businesses and wiped out jobs. Consumer spending, which accounts for more than a half of the country’s GDP, grew by just 2.84 percent year-on-year (yoy) in the first quarter, a far cry from 5.01 percent […]
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