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    Monthly Archives: August 2020

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    • 2020
    • August
    • August 25, 2020
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    Indonesia’s budget deficit swells to $22.4b in July as revenue falls

    Indonesia recorded a budget deficit of Rp 330.2 trillion (US$22.4 billion), or 2 percent of gross domestic product (GDP), as of July as tax revenue fell further despite a slight increase in state expenditure, Finance Minister Sri Mulyani Indrawati said on Tuesday. The country collected Rp 922.2 trillion in state revenue, marking a decrease of 12.4 percent […]

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    • August 25, 2020
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    Thailand: Tourist arrivals tumble 71% year-on-year in Jan-July amid outbreak

    Tourist arrivals and spending saw a year-on-year slide of about 70% in the first seven months, data showed on Monday, as a fourth month of border closures aimed at keeping out Covid-19 took a bite out of its struggling economy. In the January-July period, foreign tourist numbers were 6.69 million, down 71% year on year, […]

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    • August 25, 2020
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    Japan and Myanmar agreed to reopen borders for expatriates in early of September

    Japan and Myanmar agreed Monday to reopen borders for expatriates as soon as early September, relaxing travel restrictions that were imposed to stem the spread of the coronavirus pandemic, The Japan Times reported. Foreign Minister Toshimitsu Motegi reached the agreement with Myanmar leader Aung San Suu Kyi at their meeting in Naypyidaw, according to the […]

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    • August 25, 2020
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    More than 90% of Vietnamese travel firms suspend operations

    Around 90%-95% of travel companies in HCM City have suspended operations due to the Covid-19 pandemic. According to the municipal Department of Culture, Sports and Tourism, only 5% of travel firms in HCM City are still operational to settle debts with their partners and customers. Their staff have to work online at home on rotation […]

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    • August 25, 2020
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    Malaysia: Karex to set up medical glove manufacturing plant in Hatyai

    KUALA LUMPUR: The world’s largest condom maker Karex Bhd is venturing into the business of making medical gloves. The company, in a filing with Bursa Malaysia today, said its wholly owned Innolatex (Thailand) Limited (ITL) is planning to set up a new manufacturing facility at its existing plant in Hatyai with the capacity to produce 2.5 billion […]

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    • August 25, 2020
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    Vietnam opens seaports to receive new FDI ‘wave’

    Development of coastal industrial zones appears to be the right move to take advantage of incoming FDI. BW Industrial, a joint venture between Warburg Pincus and Becamex IDC, has followed famous realtors’ moves to set up an IZ on Dinh Vu Peninsula in Hai Phong City. The project is hoped to open this September. Prior […]

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