SINGAPORE’S second-quarter economic performance was its worst on record, while the full-year outlook was cut again, policymakers announced on Tuesday morning. Forecasters from the Ministry of Trade and Industry (MTI) have once more tightened their projection for the pandemic-driven full-year recession. They now expect a contraction of between 5 per cent and 7 per cent, […]
Read MoreINDONESIA is accelerating disbursement of some US$50 billion in fiscal stimulus to revive consumer spending and prevent South-east Asia’s largest economy from sliding into a recession. The government will pay 28.8 trillion rupiah (S$2.7 billion) to civil servants and state pensioners as a 13th month salary starting this week, Finance Minister Sri Mulyani Indrawati said. […]
Read MoreKUALA LUMPUR (BERNAMA) – Sales value of Malaysia’s wholesale and retail trade grew double-digit to 21.8 per cent in June compared to that of May, nearing the pre-Movement Control Order (MCO) levels, the Department of Statistics Malaysia (DOSM) reported. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said wholesale trade sub-sector contributed the most to […]
Read MoreThe consumer price index (CPI) increased by 2.6 per cent last June, compared to the previous month. This was highlighted by the Department of Economic Planning and Statistics (JPES) at the Ministry of Finance and Economy in a report yesterday. Prices of food and non-alcoholic beverages increased by 2.8 per cent, while prices of non-food […]
Read MoreMANILA, Philippines — British banking giant HSBC expects the Philippine economy to contract deeper by 9.6 percent this year due to the rising number of COVID-19 cases in the country. According to HSBC economist Noelan Arbis, the company has revised its economic projections for the Philippines to a contraction of 9.6 percent for this year […]
Read MoreMyanmar’s coffee beans exports are dropping as against last year, and Myanmar Coffee Association is expecting a recover of market in the coming months, said an official of the association. The impacts of coronavirus hurt coffee industry as the lockdown and physical distancing caused a reduction in consumption. The COVID-19 crisis changed the dynamics of […]
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Thailand
