The government’s consumption stimulus measures and 50:50 co-payment scheme are expected to get 81 billion baht circulating through the economy, boosting the country’s GDP by 0.25%, says the Finance Ministry. The two policies will cover 24 million people nationwide, getting money circulating in the economy for the remainder of the year and adding to the […]
Read MoreThe Hanoitimes – Core inflation comes at 2.59% year-on-year in the first nine months of 2020. Vietnam’s consumer price index (CPI), the main gauge of inflation, in September increased 0.12% against the previous month and 0.01% versus the end of 2019, both at the weakest levels in the 2016 – 2020 period, according to the General […]
Read MoreWorld Bank sees worse turnout for Philippines MANILA, Philippines — The World Bank expects a deeper economic contraction for the Philippines this year and a slower recovery by next year as the country fails to control the COVID contagion despite repeated lockdowns. In its October 2020 Economic Update for East Asia and the Pacific, the […]
Read MoreThailand sees higher shipment opportunities for Thai premium rice in the EU after the bloc allowed rice imports of 24,883 tonnes with zero import tariffs for October. Keerati Rushchano, director-general of the Foreign Trade Department, said the European Commission on Sept 22 announced that the remaining annual quota for rice (white rice, Thai hom mali rice, Thai […]
Read MorePETALING JAYA: The World Bank has forecast that the economy will take a bigger hit from the ongoing Covid-19 crisis with Malaysia’s real gross domestic product (GDP) expected to contract by 4.9% instead of 3.1% for the year. The forecast revision reflects the heightened uncertainty of global economic recovery and elevated unemployment rate. However, World […]
Read MoreThe Hanoitimes – The domestic-invested sector’s exports are expected to expand 20.2% year-on-year to US$71.83 billion between January and September. Vietnam earned an estimated trade surplus of US$3.5 billion in September and reached a record surplus of US$16.99 billion in the January–September period, compared to a US$7.27 billion surplus recorded in the same period last year, […]
Read More
Thailand
