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Thailand: Covid shock worse than expected, ADB says

Despite relatively effective containment of Covid-19, the impact of the pandemic on Thailand’s economy has been more severe than expected and economic recovery remains elusive, with annual GDP poised to shrink by 8%, says the Asian Development Bank (ADB). The latest projection is a big dip from the bank’s April forecast of a 4.8% contraction, according […]

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Cambodia: Chicken and pig farm prices fall

The price of live chicken and pig sales at farms during the Pchum Ben festival, a yearly peak season for local demand, saw a slight decline this year because of COVID-19, according to theCambodia Livestock Raisers Association (CLRA). Srun Pov, president of the CLRA, said that it is different from last year when both rose in price […]

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ADB further downgrades economic outlook for Philippines

MANILA, Philippines — The Asian Development Bank (ADB) has recast its forecast for the Philippine economy to a deeper decline of 7.3 percent this year, citing subdued private consumption and investment amid the coronavirus pandemic. In its Asian Development Outlook (ADO) 2020 Update released yesterday, the Manila-based multilateral bank downgraded the outlook for the Philippines […]

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