The Thai economy is set for a challenging recovery, as the disruption to exports proves a drag on headline growth. In the second quarter, real GDP growth contracted by 12.2%, from a revised contraction of 1.9% in the first quarter, resulting in a 7.1% drop in first-half GDP. Lockdown measures in force throughout most of […]
Read MoreTHAILAND’S economy did not do as badly as expected in the second quarter, and the worst is likely to be over — though much weakness still lies ahead, said economists after official Q2 figures were released on Aug 17. Gross domestic product (GDP) fell 12.2 per cent year on year in Q2, slightly better than […]
Read MoreThere has been a 20 per cent increase in broadband usage, with broadband penetration up by 60 per cent and over 2,800 new orders monthly. This was based on statistics collected by network provider Unified National Networks Sdn Bhd (UNN). There has also been a 22 per cent increase in the daily consumption of mobile […]
Read MoreIN retail banks’ local functions, Singapore citizens account for seven in 10 of senior management roles, according to the Monetary Authority of Singapore’s (MAS) estimates. However, across the country’s entire financial sector, Singaporeans make up about 43 per cent of senior management. This reflects Singapore’s role as an international financial centre, MAS managing director Ravi […]
Read MoreThe State Bank of Vietnam (SBV) announced it could adjust monetary policies, including credit growth and incentives, in the remaining months of the year to cope with the COVID-19 pandemic. Under a recent directive, SBV Governor Le Minh Hung said the COVID-19 outbreak would continue to be unpredictable, which could push the global economy into […]
Read MoreBank Indonesia (BI) has expressed its commitment to continue its role as a standby buyer for government bonds until 2021 to help fund the state budget deficit during the pandemic. BI Governor Perry Warjiyo said on Wednesday that the central bank would continue its role as a non-competitive bidder in government bond auctions next year, […]
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Thailand
