Thailand’s second-quarter economic contraction could reach a record 13% year-on-year after business activity was halted by lockdown measures during the period, says the Bank of Thailand. The anticipated decline would mark the lowest year-on-year growth figure since a 12.5% contraction in the second quarter of 1998 in the wake of the 1997 Asian financial crisis, […]
Read MoreForeigners have continued to be left stranded in Cambodia because many are unable to receive refunds on cancelled flights, are not eligible for embassy loans and have no employment opportunities to fund expensive flights home. According to the Foreigner Present in Cambodia System, 114,367 foreigners remain in the Kingdom. In response, social media groups are […]
Read MoreSINGAPORE – Survival has become the primary concern for many small and medium-sized enterprises (SMEs) here as they struggle to keep afloat amid the economic fallout from Covid-19. While some owners have begun frantically diversifying business offerings to find new sources of revenue, others have taken on odd jobs to make ends meet. Florist Pang […]
Read MoreMANILA, Philippines (3rd update: Aug 3 at 11:01 a.m.) — The Philippines would wake up Monday scrambling to adjust to stricter lockdowns due for enforcement in 24 hours, a decision government abruptly made in the wee hours of Sunday after facing renewed public backlash over its pandemic response and an urgent appeal from swamped and exhausted health workers. In […]
Read MoreDURING a prolonged economic crisis, Malaysian small and medium enterprises (SMEs) are likely more vulnerable to an economic downturn due to their limited financial capabilities and high-dependence on banks’ credit compared to larger firms. On top of the financial aspects, SMEs’ relative shortcomings in terms of technology and resources would also reduce their ability to […]
Read MoreAlthough China is Cambodia’s largest market for milled rice exports, there is still a huge potential for more exports of the food staple. The analytics were shared by Mr. Song Saran, President of the Cambodia Rice Federation, in an interview with AKP, stressing that Vietnam and Thailand are covering up major segmentats of the Chinese […]
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