The coronavirus-induced economic downturn might cause up to 12.3 million people to fall into poverty by the second quarter of this year if the government fails to contain the pandemic soon, researchers warn. The Center of Reform on Economics (CORE) Indonesia based its estimation under the assumption that the pandemic will reach its peak by […]
Read MoreAnalysts expect the Bangko Sentral ng Pilipinas (BSP) to further reduce interest rates after the country’s headline inflation dipped to a five-month low of 2.2 percent in April. According to ING Bank Manila, ANZ Research, Nomura and JP Morgan analysts, lower consumer price growth last month gives the central bank more space to continue easing […]
Read MoreKUALA LUMPUR, May 5 — Bank Negara Malaysia has reduced its overnight policy rate yet again after earlier cuts in January and March, slashing it today by 50 basis points to 2.00 per cent. The central bank said the decision was made in its Monetary Policy Committee meeting today in response to deteriorating business conditions […]
Read MoreThe Ministry of Industry and Trade has extended the period of selecting prestigious exporters for 2019 until May 30, one month later than the schedule of April 30 due to the impact of the COVID-19 pandemic. The ministry has announced this extension to ministries, sectors, the Vietnam Chamber of Commerce and Industry, commodity associations, industry […]
Read MoreThe cabinet has approved the first phase of a food and food processing development plan from 2020-2027, aiming to develop value-added products and increase competitiveness in the global market. The government wants to push Thailand to become Asean’s processed food hub by 2027. To achieve its goal, Thailand is expected to be in the top […]
Read MoreThe Ministry of Industry and Trade has written to the Government proposing extending feed-in tariffs (FITs) for wind power projects until the end of 2023. According to the prime minister’s Decision 39 on supporting the development of wind power, wind power projects will enjoy FITs until the end of 2021. However, due to the negative […]
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Thailand
