Pedestrians cross a deserted street outside the Bangkok Bank building during a phased lockdown due to the coronavirus in the central business district of Singapore, on Tuesday, June 2, 2020. Mostly empty offices, staggered work hours, face shields and contact tracing -- that's what Singapore's cautious return to work will look like under the watchful gaze of the hub's financial regulator. The authority's approach is part of a phased reopening of the city-state, which has been under one of the longest lockdowns in Asia as authorities battled a second wave of coronavirus infections. Photographer: Lauryn Ishak/Bloomberg
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Singapore: Economists mixed on prospects of manufacturing; estimate job losses to hit 150,000 in 2020

SINGAPORE (June 29): Economists expect Singapore’s manufacturing to weaken in the coming months, following the plunge in May’s factory output numbers. The metric fell 7.4% year-on-year, reversing into the red after two months of stellar growth. RHB Securities’ economists attribute this to the circuit breaker measures which restricted the operations of non-essential services from April […]

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Vietnam trade surplus widens to US$4 billion in H1

The Hanoitimes – Vietnam’s trade turnover is likely to have reached US$238.4 billion in the first half this year, down 2.1% year-on-year. Vietnam reported an estimated trade surplus of US$500 million in June, expanding the country’s trade surplus to US$4 billion in the January – June period, compared to a US$1.7-billion surplus recorded in the same […]

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Thailand: Nightlife to resume, some foreigners allowed in

All night entertainment venues, including wet massage parlours, will open their doors again on Wednesday and some foreigners will be allowed into the country, but not tourists, as virus lockdown restrictions are further eased. The Centre for Covid-19 Situation Administration (CCSA) on Monday gave the greenlight for all remaining entertainment facilities to reopen from Wednesday. […]

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Myanmar inflation declines amid falling demand

Domestic inflation fell to 8.3 percent during the month of May, softening as a result of declining demand among Myanmar households, according a recent World Bank report. This is because consumers have cut back on their spending due to COVID-19, driving prices lower. At the current level, inflation is at its lowest in six months […]

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Thailand: May factory output down 23%

The manufacturing production index (MPI) for May dropped 23.19% from a year earlier, led by lower production of cars, petroleum and air conditioners due to the impact of the coronavirus outbreak, the industry ministry reported on Monday. That compared with a forecast for a drop of 21.0% in a Reuters poll, and against April’s revised […]

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