Bank Indonesia (BI) has forecast a U-shaped recovery for the country’s economy as the coronavirus pandemic took a greater toll than previously expected, threatening to cause a deep contraction in the second quarter. Indonesia‘s economy could shrink between 4 and 4.8 percent in this year’s second quarter, BI senior deputy governor Destry Damayanti said on […]
Read MoreVIENTIANE, July 19: The government of Laos has chosen to keep its borders closed to foreign visitors, with testing and medical certification required before travelers can exit the country to ensure it remains free of Covid-19, reports the Laotian Times. Following the case of a Myanmar national who tested positive for Covid-19 after exiting Laos, the […]
Read MoreMalaysian farmers have gone online to sell their produce instead of disposing of tons of fresh fruit and vegetables every day after Malaysia imposed a Movement Control Order (MCO) in March to limit the spread of coronavirus in the country. Several farmers told Arab News on Thursday that they have reported a steady increase in […]
Read MoreTHE recovery in the tourism industry will be gradual and will depend on how well governments arrest the spread of infection, though the industry is expected to report significant losses over the full year, according to the International Institute of Finance (IIF). It said the industry in tourism-dependent emerging markets is disproportionately reliant on small […]
Read MoreSINGAPORE’S non-oil domestic exports (NODX), which rebounded in June after a surprise dip in May, are now on track to outshine the official forecast of a full-year contraction. But, despite an export boom in the powerhouse pharmaceuticals and electronics industries, watchers are mixed on how long the boost will last. NODX expanded by 16.1 per […]
Read MoreVIENTIANE, July 19 (The Vientiane Times/ANN): The Prime Minister’s Office has issued a notice to the Ministry of Energy and Mines to reduce residential electricity prices from April to December during the Covid-19 outbreak. Notice No.752 on July 14 follows Prime Minister Thongloun Sisoulith’s advice on July 8 to implement a policy where consumers using […]
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Thailand
