SINGAPORE’S third-quarter economic growth staged a rebound from the deep contraction seen during its “circuit-breaker” period but has continued to stay in negative territory, according to advance estimates released by the Ministry of Trade and Industry (MTI) on Wednesday. Gross domestic product (GDP) grew by 7.9 per cent in Q3, on a quarter-on-quarter seasonally-adjusted basis, […]
Read MoreThe total trade between Myanmar and foreign countries reached over 36.6 billion U.S. dollars in previous fiscal year (FY) 2019-2020 which ended on Sept. 30, according to figures released by the Commerce Ministry Xinhua reported. From Oct. 1, 2019 to Sept. 30 this year, Myanmar earned over 17.6 billion U.S. dollars from export while its […]
Read MoreThe number of insurance complaints declined by about 30% in the first nine months of this year, after the Office of the Insurance Commission (OIC) allowed voluntary insurance policyholders with coverage of less than 2 million baht to receive claims without a dispute. In the first nine months of 2020, there were 8,082 cases of […]
Read MoreThe government’s tax collection remains strong even during the COVID-19 pandemic, reaching more than $2.25 billion in the first nine months of this year, according to a report by the General Department of Taxation (GDT). The report shows that the amount increased 3.71 percent compared with the same period last year and was 78.10 per […]
Read MoreSINGAPORE: Singapore’s central bank is likely to keep monetary policy unchanged as it allows fiscal measures to do the heavy lifting in getting the city-state’s economy back on track. The Monetary Authority of Singapore (MAS), which uses the currency as its main policy tool rather than interest rates, probably will refrain from changing any of […]
Read MoreIndonesia’s economic downturn is likely to be worse than previously expected as Southeast Asia’s largest economy struggles to contain the coronavirus pandemic, says the International Monetary Fund (IMF). Indonesia’s gross domestic product (GDP) is now expected to shrink by 1.5 percent this year rather than the 0.3 percent contraction the IMF had projected in June. […]
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Thailand
