Recent reports in Laos of price surges for essential foods and medicines, rising unemploymentand ballooning national debt, are proving to be a case study for local policymakers to avoid as the COVID-19 economic fallout worsens. Comparisons between the neighbouring countries are clear after a recent World Bank report outlined mirrored economic conditions this year, after […]
Read MoreThe country is in no rush to open up travel bubbles as more thought is needed into putting the concept into practice, said the head of security for the Centre for Covid-19 Situation Administration (CCSA). The bubbles, where travel is permitted between any two countries where the Covid-19 pandemic has been brought under control, needs […]
Read MoreJAKARTA (REUTERS) – Indonesia’s central bank on Thursday delivered its third cut to the benchmark rate this year, stepping up support for South-east Asia’s largest economy as it struggles to avoid a recession amid the broadening fallout of the coronavirus pandemic. Bank Indonesia (BI) cut the seven-day reverse repurchase rate by 25 basis points (bps) to 4.25 […]
Read MoreThailand is poised to soar in the global market with heightened investment attraction and a massive budget earmarked to rejuvenate the economy in the fourth quarter, as the Covid-19 pandemic eases, according to Deputy Prime Minister Somkid Jatusripitak. In an exclusive interview with the Bangkok Post, Mr Somkid said the government also plans to enhance financial […]
Read MorePrivate equity investors are seeing no lack of opportunities in Myanmar and have no plans to change strategy when it comes to investing in the country, although heavy travel disruptions have made assessing new investments harder. The investors said COVID-19 has allowed them to spot the “camels” – companies that are resilient to tough business […]
Read MoreCredit demand in Vietnam is expected to stay low in the foreseeable future as the Covid-19 pandemic continues to be complicated globally, said a central banker. Vietnam’s credit growth as of June 16 is estimated at 2.13% against the end of last year, significantly lower than the average growth rate of the corresponding period in […]
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