The Hanoitimes – The plant, located outside Hanoi, would be the company’s largest manufacturing hub for refrigerators and washing machines in Southeast Asia. Panasonic will shut down a large appliance factory outside Bangkok as early as this fall and consolidate production to a larger facility in Vietnam for greater efficiency, Nikkei reported. The Thai plant will stop […]
Read MoreIndonesia’s current account deficit narrowed in the first quarter of this year as imports fell and the deficit in services dwindled amid the coronavirus pandemic, Bank Indonesia (BI) announced on Wednesday. Southeast Asia’s biggest economy recorded a current account deficit (CAD) of US$3.9 billion, or 1.4 percent of gross domestic product (GDP) in this year’s […]
Read MoreSINGAPORE – More restaurants and eateries in Singapore will shut their doors if dining-in restrictions are extended past the circuit breaker period, according to a survey by online restaurant reservation platform Chope out on Wednesday (May 20). The survey reported that 42 per cent of restaurants, or about two in five, said they would not be able to operate […]
Read MoreMANILA, Philippines — The share of the country’s debt to its gross domestic product (GDP) slightly eased to 41.8 percent in the first quarter, but may increase by the end of the year as the government continues its fight against the coronavirus disease 2019 or COVID-19 pandemic. In his latest economic bulletin, Finance Undersecretary and […]
Read MoreThe pandemic is likely to cause the residential market nationwide to fall by 15% this year, in line with a forecast 5.5% contraction of GDP growth and a sharp drop in housing absorption rate, according to the Real Estate Information Center (REIC). Vichai Viratkapan, REIC acting director-general, said the centre downgraded housing market growth this […]
Read MoreThe Ministry of Agriculture, Forestry and Fisheries and the International Rice Research Institute (IRRI) inked their collaborative work plan for 2020-2023 yesterday. The agreement aims to further strengthen the cooperation between the two organisations for the crops research and development activities that has been going on for many years. IRRI’s support for Cambodia’s rice sector […]
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Thailand
