Indonesia’s economy faces a “near-certain recession” in the third quarter this year, economists say, as a robust economic recovery will depend on whether the government can control the spread of the COVID-19 pandemic and stimulate people’s purchasing power. The government will need to focus on controlling the coronavirus outbreak amid a rising number of coronavirus […]
Read MoreMANILA, Philippines — Favorable investor sentiment over the country’s sound macroeconomic fundamentals is expected to provide support to the peso, which appreciated to its strongest level in nearly four years, despite weaker inflows due to the pandemic, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Dioko said the local currency should continue to […]
Read MoreThe Hanoitimes – Transaction values via smartphones increased by 177% in the first half of 2020. Concerns over Covid-19 and mobility restrictions have prompted the use of cashless payments in Vietnam, according to local insiders and providers. Statistics from Shopee, the leading e-commerce platform in terms of visitors in Vietnam, showed that the number of users […]
Read MoreSINGAPORE’S international arrivals more than tripled in July from the month before, driven by a month-on-month surge in visitors from South-east Asia and the Greater China region. Despite the Covid-19 pandemic, roughly 6,840 visitors touched down in July, up from about 2,170 in June, according to fresh data from the Singapore Tourism Board (STB). Still, […]
Read MoreJAKARTA: Indonesia is tightening import rules for some consumer products including sport footwear, bicycles and air conditioning electronics, its trade ministry said, after a surge in imports in May and June. Import permits will be required and tighter document controls put in place over the importation of 11 types of products, after overseas purchases rose […]
Read MoreThe General Department of Customs and Excise at the Ministry of Economy and Finance has given a final notice to non-taxed vehicles and goods owners to declare their ownership of Sept 28, according to an announcement from the customs and excise. Those goods were confiscated and kept in temporary storage or customs-bonded warehouses. The non-taxed […]
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Thailand
