SINGAPORE – The number of people working in Singapore, excluding maids, plunged by 19,900 in the first three months of the year as the early impact of the Covid-19 pandemic disrupted economic activity. The drop in employment was the sharpest quarterly contraction since the severe acute respiratory syndrome (Sars) outbreak, when employment fell by 24,000 in the second quarter […]
Read MoreAs the COVID-19 pandemic changes the global business landscape, jamu (herbal medicine) producers are playing a growing role in the Indonesian economy. National jamu sales in 2019 generated Rp 21.5 trillion (US$1.38 billion) in revenue, up 13.1 percent from Rp 19 trillion in 2018, according to the Indonesian Jamu and Traditional Medicine Producers Group (GP-Jamu). While this year’s figure remains indeterminable due […]
Read MoreThe economy could contract by as much as 10% this year in a worst-case scenario in which a second coronavirus outbreak occurs after the government lifts lockdown measures, says a financial expert. Supavud Saicheua, adviser to Kiatnakin Phatra Financial Group, expects the global economy to shrink by 6% in 2020 if there is a second […]
Read MoreThe Hanoitimes – Vietnam’s trade turnover is likely to have reached US$162.83 billion in the first four months, up 3.4% year-on-year. Vietnam reported an estimated trade deficit of US$700 million in April, narrowing the trade surplus to US$3 billion in the January – April period from the US$3.74 billion recorded one month ago, the General Statistics […]
Read MoreMANILA, Philippines — Public spending on infrastructure declined in the first two months due to high base effects caused by the timing of disbursements for accounts payables, according to the Department of Budget and Management (DBM). Based on DBM data, infrastructure spending from January to February dropped by 20.7 percent to P93.9 billion from P118.4 […]
Read MoreDomestic sugar manufacturers have begun to ramp up production capacity in response to the government’s call to stabilize prices ahead of the Ramadan festivities as the COVID-19 pandemic has disrupted supplies, a top official has said. Ten refined sugar manufacturers have produced around 90,000 tons of consumer sugar out the 250,000-ton target from the government […]
Read More
Thailand
