The government is pinning its hopes on a growth rate of around zero percent this year as it struggles to spend a Rp 695.2 trillion (US$47 billion) stimulus budget to revive an economy reeling from the coronavirus pandemic. Finance Minister Sri Mulyani Indrawati said on Wednesday that economic growth could flatline at zero percent this […]
Read MoreThe Federation of Thai Industries (FTI) is in talks with private and state-owned companies to devise ways to create jobs as the pandemic threatens to leave millions of workers unemployed this year. The FTI is asking CP Group, SCG, PTT and other heavy hitters to join the campaign, hoping to stimulate weak purchasing power and […]
Read MoreThe Hanoitimes – The issue was raised at a conference held between Vietnamese government agencies and major Japanese enterprises in Vietnam to address their issues. Japanese enterprises suggested the Vietnamese government further simplify investment procedures, specifically the process of obtaining investment, construction and hazardous waste treatment licenses, to facilitate investment from Japan. The issue was raised […]
Read MoreThe Asian Development Bank (ADB) has pledged to double loan commitments to one of its biggest client countries this year to facilitate Indonesia’s economic recovery. The Manila-based lender usually committed US$1 billion to $2 billion each year for Indonesia, mostly in infrastructure projects, particularly those related to energy, said ADB country director Winfried F. Wicklein on Wednesday. […]
Read MoreMANILA: A joint Philippine congressional committee has approved a stimulus package worth up to 165 billion pesos (US$3.39bil) to aid the economy’s recovery from the novel coronavirus pandemic. The package is worth 140 billion pesos, with an additional 25 billion pesos in standby appropriations, Senator Sonny Angara told reporters. It includes funds for coronavirus isolation […]
Read MoreEnergy Minister Supattanapong Panmeechaow vows to revive the economy using energy projects, with the Energy for All scheme at the top of the list for quick remedies. Critics want the government to delay Energy for All because of the huge surplus of the country’s power generation capacity in reserve, but Mr Supattanapong said yesterday that […]
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Thailand
