Thailand’s cross-border trade fell by 7.6% year-on-year in the first quarter as the coronavirus hit the global economy and led bordering countries to close dozens of checkpoints. The Foreign Trade Department on Tuesday said the country’s overall cross-border trade, including transit trade, totalled 264.97 billion baht in the first three months, with Malaysia still the […]
Read MoreBank Indonesia (BI) has pledged to go all out to bolster the economy as the central bank has forecast economic growth to weaken 0.4 percent in the second quarter due to coronavirus containment measures. BI Governor Perry Warjiyo projected gross domestic product (GDP) growth to pick up slightly to 1.2 percent in the third quarter […]
Read MoreMalaysia is emerging as a new market for Cambodian peanut exports, according to a report of the Ministry of Agriculture, Forestry and Fisheries. During the first four months of 2020, continued the source, Cambodia exported 32.64 tons of peanut to Malaysia. Peanuts are one of the plants included in Cambodia’s list of exported goods to […]
Read MoreKasikornbank (KBank) has launched a 1-billion-baht loan scheme, offering interest-free borrowing for the first year to small and medium-sized enterprises (SMEs) with up to 200 employees as a way to keep 41,000 workers on payroll during the pandemic. The bank will also provide a monthly grant of 8,000 baht for three months to SME employees […]
Read MoreThailand’s headline consumer price index (CPI) fell 2.99% in April from a year earlier, the largest decline in more than 10 years and sharply below expectations, commerce ministry data showed on Tuesday. The reading compared with a forecast decline of 1.20% in a Reuters poll, and with March’s 0.54% decline. The drop was the largest […]
Read MoreMANILA, Philippines — Philippine manufacturing activity recorded a sharp downturn in April following the severe Luzon-wide quarantine that locked down a large section of the economy, according to the latest survey of IHS Markit Philippines. IHS Markit said its final Philippine manufacturing Purchasing Managers’ Index (PMI) declined further to 31.6 in April from 39.7 in […]
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