[BANGKOK] Thailand’s financial system had become more vulnerable due to a weaker-than-expected economic outlook amid the coronavirus outbreak, minutes from the latest central bank policy meeting showed on Wednesday. The Bank of Thailand’s (BOT) monetary policy committee (MPC) voted unanimously on June 24 to leave the one-day repurchase rate unchanged at a record low of […]
Read MoreINDONESIA imposed a 10 per cent value-added tax on sales by technology firms including Amazon, Netflix, Spotify and Google on Tuesday, as spending patterns shift with increased remote working as a result of the coronavirus crisis, which has hit state finances. The South-east Asian country’s tax office said in a statement that it had already […]
Read MoreThe landscapes, world heritage sites, and hospitality of Cambodia have drawn increasing numbers of visitors in recent years, and at the beginning of 2020 the country was primed to see the continued growth of its tourism sector well into the new decade. Early projections estimated that Cambodia would welcome greater numbers of tourists despite the […]
Read MoreMalaysian budget carrier AirAsia’s future is in “significant doubt” due to the collapse in demand for air travel caused by coronavirus, its auditor has warned. The aviation industry is facing its biggest-ever crisis due to the outbreak, with airlines worldwide laying off huge numbers of staff while some have already gone out of business. AirAsia, […]
Read MoreThailand’s household debt level to gross domestic product (GDP) rose slightly to 80.1% in the first quarter, the highest level in four years, central bank data showed, with the trend set to continue as the coronavirus outbreak squeezes the economy. The economy could shrink a record 8.1% this year, the central bank predicts. As of […]
Read More“Covid-19 has given e-commerce a push,” said Nguyen Thuy Anh from the Department of E-commerce and Digital Economy. It not only has changed consumers’ behaviors, but also forced traditional retailers and manufacturers to go online. Anh said he got home from Binh Dien Market at midnight and then had to go to the Vietnam Online […]
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