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 […]
Read MoreTourist 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, […]
Read MoreJapan 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 […]
Read MoreAround 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 […]
Read MoreKUALA 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 […]
Read MoreDevelopment 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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Thailand
