Indonesia’s trade balance swung back to a trade deficit of US$350 million in April on the back of falling commodity prices and plummeting global demand amid the COVID-19 pandemic, Statistics Indonesia (BPS) has announced. The economy posted $12.19 billion worth of exports in April, a decrease of 7.02 percent year-on-year (yoy) and the sharpest fall […]
Read MoreBrunei Darussalam yesterday announced the first phase of the de-escalation plan to lift the COVID-19 restrictions by introducing a gradual reduction in social distancing measures. The announcement was made yesterday by Minister of Health Dato Seri Setia Dr Haji Mohd Isham bin Haji Jaafar, at the daily press conference at the Ministry of Health (MoH) […]
Read MoreThe massive blow to the tourism industry caused by the outbreak may offer an opportunity for hotel investors waiting for property sales, but operators in Chiang Mai and Phuket have yet to witness that phenomenon. “Over the past 10 years, hotel trading in Thailand was worth about 125 billion baht, but during 2017-18, the figure […]
Read MoreThe Hanoitimes – Health continued to be No.1 concern among Vietnamese consumers, with the highest level globally. With the Consumer Confidence Index of 126, Vietnam continued to rank fourth in the world for having the most positive consumers, after India, the Philippines and Indonesia, according to a latest survey. Compared to the last quarter of 2019, […]
Read MoreMALAYSIA could see a full-year recession in 2020, due to the economic fallout from the movement control order (MCO) as well as a worsening global economic outlook, Fitch Solutions warned. The market intelligence firm said it has slashed its 2020 real growth domestic product (GDP) growth forecast for Malaysia to -2.8 per cent, down from […]
Read MoreThe government should boost economic recovery spending to Rp 600 trillion (US$40.17 billion) to help businesses cope with the economic impacts of the COVID-19 crisis, as many businesses only have enough cash flow to maintain their operations for the next two months, a business lobby group has said. Indonesian Chamber of Commerce and Industry (Kadin) […]
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