SINGAPORE’S gross domestic product (GDP) plummeted 12.6 per cent year on year in the second quarter, bringing the country into full-blown recession, as Covid-19 “circuit-breaker” measures hit hard and external demand stayed weak amid the global downturn, according to Ministry of Trade and Industry (MTI) advance estimates on Tuesday. The second-quarter figure was worse than […]
Read MoreIndonesia has raised Rp 18.33 trillion (US$1.27 billion) from government retail bond issuance ORI-017, the Finance Ministry announced on Monday, the highest proceeds ever recorded in an online bond offering by the country as the government struggles to finance its coronavirus response. The Finance Ministry managed to book the figure as individual investors flocked to […]
Read MoreTHAILAND’S growth may have reached a trough in the second quarter of 2020, but the recovery is likely to be drawn out, with weak tourism and demand, said DBS Group Research economist Radhika Rao in a July 13 report. DBS has lowered its forecast to a 7.5 per cent contraction in 2020, before a recovery […]
Read MoreMANILA, Philippines – Investments approved by the Board of Investments (BOI) soared by 112 percent to P645.3 billion in the first semester from P304.4 billion a year ago, driven by projects in the infrastructure, transportation and real estate sectors. BOI managing head and Trade Undersecretary Ceferino Rodolfo said the approved investments are for 96 projects. […]
Read MoreTo promote domestic tourism, three communities in Kampot and a local tour company inked a memorandum of understanding (MoU) to attract vacationers to experience the pleasures of their province with a specially designed package. The MoU was signed by Om Pharin, chairman and chief executive officer of Charming Cambodia Travel & Tours, with representatives from […]
Read MoreThe electronics industry in the last six months of the year is forecasted to be still greatly affected by the COVID-19 pandemic, which reduces demand in the US and European markets. The report on industrial and commercial production in the first six months of the Ministry of Industry and Trade showed that the production index […]
Read More
Thailand
