Thailand’s current account surplus is set to shrink in 2020 before recovering gradually through 2021. In the period from January to August, the cumulative current account balance shrank by 38.2% year-on-year as the services account proved a more significant drag than we had anticipated. Indeed, our downward forecast revision for a shallower current account surplus […]
Read MoreThe Hanoitimes – The inflation in 2020 is forecast at 3.3%, significantly lower than the target of 4% set by the government. Current low inflation is opening up room for the State Bank of Vietnam (SBV), the country’s central bank, for further cutting its policy rates and aid the economic recovery process. November consumer price index […]
Read MoreKUALA LUMPUR: Malaysia recorded a 78.6% fall in tourism arrivals from January to September contraction in the tourism industry due to the Covid-19 pandemic which has impacted the tourism sector globally. Bernama reported on Monday the number of tourists fell to 4.29 million compared with over 20.10mil in the previous corresponding period with the Movement […]
Read MoreThe Hanoitimes – Across the first half of 2020, the government approved an additional 91 wind energy projects, onshore and offshore, with a total capacity of over 7GW. As Vietnam looks to expand its renewables capacity, the country is emerging as one of the largest markets for wind power development worldwide, with approximately 7GW of net […]
Read MoreSINGAPORE – The income of Singaporeans and permanent residents took a hit not felt since 2004 because of the Covid-19 pandemic, according to advance estimates released by the Ministry of Manpower (MOM) on Thursday (Dec 3). The nominal median income for residents – that is, Singaporeans and PRs – dipped by 0.6 per cent to $4,534 over the year to […]
Read MorePETALING JAYA: Malaysia’s crude palm oil (CPO) production may have dropped further in November due to heavier-than-usual rainfall caused by La Nina, worker shortage and seasonality factors. The lower output, which in turn leads to a decline in Malaysia’s palm oil stocks, is expected to support CPO prices moving forward. After a 7.8% month-on-month (m-o-m) […]
Read More
Thailand
