Indonesia’s imports have fallen for 10 consecutive months in April as manufacturing companies cut production output while consumer demand continues to shrink amid the COVID-19 pandemic, signaling cooling economic activity going forward. The country recorded US$12.54 billion in imports in April, an 18.58 percent drop from the same period last year. Imports of consumer goods […]
Read MoreThe government has embarked on the next phase of economic reopening with confirmation that shopping malls, department stores and food courts will be among the businesses allowed to resume tomorrow, albeit with public health and safety stipulations. The market has already priced in a partial recovery of economic activity in the second half of 2020; […]
Read MoreVietnamese consumers are some of the most optimistic in Asia during the COVID-19 pandemic, according to American management consulting firm McKinsey’s recent consumer survey. The survey, which was conducted among 618 consumers in Vietnam and covered their consumption behavior shifts during the COVID-19 crisis, showed that only 4% of Vietnamese think the crisis will have […]
Read MoreMANILA, Philippines — A month before migrant workers began coming home in droves, money sent to their families showed some signs of slowdown in February as the country’s top dollar-earning sector begins to feel the bite of the pandemic. Cash remittances coursed through banks stood at $2.36 billion in February, up 2.5% year-on-year from same period a […]
Read MoreGlobal research firm Gartner has cut Thailand’s 2020 IT spending forecast to 649 billion baht, a drop of 9.3% from last year, with the biggest fall predicted in the device segment because of the pandemic. The company predicted in January IT spending in Thailand would grow to 752 billion baht in 2020, up 2.45% from […]
Read MoreThe government is mulling over a plan to begin reopening the economy in five regions, Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan has said. The regions include two provinces, namely Yogyakarta and tourist hotspot Bali, as well as Batam and Bintan Island in Riau Islands and Manado in North Sulawesi. Of the over 16,000 […]
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