MANILA, Philippines — The country posted its smallest trade deficit in more than two years in February as imports declined, and exports continued to grow although at a much smaller pace, the Philippine Statistics Authority (PSA) reported yesterday. The trade gap narrowed to $1.656 billion in February, the smallest since July 2017, data showed. It […]
Read MoreSINGAPORE’S digital banking contenders will need to wait a bit longer to know whether they are successful in their applications. The Monetary Authority of Singapore (MAS) announced on Thursday that successful applicants will be informed in the second half of 2020 instead of June 2020 as originally intended, as the ongoing virus outbreak throws a […]
Read MoreTris Rating holds a negative view on the residential property industry in Thailand. Although the Covid-19 pandemic may not directly affect the industry, it is causing severe damage to the overall economy. As the domestic economy is already fragile and heavily reliant on tourism and exports, the virus pandemic could cause a contraction. The more […]
Read MoreBrunei Darussalam, along with other Southeast Asian economies, will endure a growth slowdown in 2020 due to COVID-19 and a consequent global slump, especially given their strong trade and investment ties with a slowing People’s Republic of China. Brunei Darussalam’s gross domestic product (GDP) growth is forecast to continue to grow above trend, albeit at […]
Read MoreStreet 308, also known as Bassac Lane, Phnom Penh’s once-vibrant expat favourite area, where many restaurants, entertainment joints and other businesses thrived, now looks like a ghost town at night. Tourists, foreign residents and locals were often seen congregating in the area at night, especially at weekends, for entertainment, drinks and food, but that is […]
Read MoreTourism operators are pleading with locals not to discriminate against returning Chinese visitors once the virus is contained following a survey that found half of mainland tourists are ready to take overseas trips. Thailand ranked among the top destinations. Ivy Alliance Tourism Consulting, China Comfort Travel Group and Pacific Asia Travel Association conducted a survey […]
Read More
Thailand
