The World Bank has forecast a sharp contraction of negative two percent for the local economy this year, adding that Cambodia’s unfavourable growth outlook alongside disruptions to jobs and lower household incomes means poverty is likely to increase. The bank added that “significant uncertainty” remains for Cambodia’s economic growth outlook with downside risks including a […]
Read MoreThe Board of Investment (BoI) is preparing to propose its job retention scheme to the government to help authorities cope with a high unemployment rate from Covid-19 impact. The scheme, designed to help companies retain their workforce until the economic recovery, is scheduled to be tabled at a BoI board meeting, chaired by Prime Minister […]
Read MoreThe Hanoitimes – Covid-19 could act as a catalyst for Vietnam to speed up the digital transformation it has already embarked upon. Effective reforms to grasp opportunities from the shift in the global value chains and investment system and the rise of the contact-free economy could help Vietnam become a high-income country by 2025, according to […]
Read MoreThe government will move ahead with its industrial plans for the Southern Economic Corridor (SEC) in four upper southern provinces, despite strong local resistance to them. The government decided to press on with the SEC, which complements the Eastern Economic Corridor (EEC) that is currently in development, deputy government spokesperson Rachada Dhnadirek told the media […]
Read MoreThe economy is likely to shrink less this year than the record 8.5% projected previously, helped by stimulus measures, the Finance Ministry said on Tuesday, as the government tries to revive a coronavirus-hit economy. The shrinkage could be less than the central bank’s latest projection for a 7.8% contraction, Lavaron Sangsnit, head of the finance […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has approved the guidelines of a new law extending a 60-day grace period for the repayment of all existing loans to ease the burden of consumers and companies severely affected by the COVID-19 pandemic. BSP Governor Benjamin Diokno said the regulator has approved the implementing rules […]
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Thailand
