Thailand recorded a current account surplus of $3.0 billion in August after a surplus of $1.79 billion in the previous month, the Bank of Thailand (BoT) said on Wednesday. Exports, a key driver of growth, declined 8.2% in August from a year earlier after July’s 11.9% drop. The economy in August performed better than July […]
Read MoreThailand’s economy could contract by as much as 10.4% this year as trade and tourism are severely dampened by Covid-19, with the ongoing drought and floods adding to the woes, says the World Bank. The dismal figure is a projection of the worst-case scenario, and it will take at least three years for the country’s […]
Read MorePETALING JAYA: Uncertainty will remain the keyword in Malaysia’s trade performance in the near future as the latest figures show that exports took a step back after advancing twice. Exports fell 2.9% year-on-year (y-o-y) to RM79.14bil in August after advancing 8.8% y-o-y and 3.1% y-o-y in June and July respectively. Imports contracted for a sixth […]
Read MoreMANILA, Philippines — The local food service sector is seen to post a 54 percent decline in sales to $6.9 billion this year due to the coronavirus disease pandemic, according to the United States Department of Agriculture (USDA). Following an initial growth estimate of as much as 10 percent, the strict community quarantine measures imposed […]
Read MoreSINGAPORE (REUTERS) – Singapore’s central bank will likely keep policy settings steady in October on hopes the economy will recover as the financial hub further loosens coronavirus curbs and on expectations fiscal policy will be the main driver of a rebound, a Reuters poll showed. The Monetary Authority of Singapore (MAS) will keep its monetary […]
Read MoreVIETNAM’S economy recovered in the third quarter, but growth has come in slightly weaker than what economists have expected. The country’s Q3 gross domestic product (GDP) rebounded to 2.6 per cent year on year, compared with 0.4 per cent seen in the previous quarter, falling short of private sector economists’ expectations of a 2.7 per cent growth. […]
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