MANILA, Philippines — Remittances from overseas Filipino workers (OFWs) increased at their fastest pace in three months as the impact of the rapid spread of the coronavirus disease 2019 or COVID-19 has not yet been felt, according to the Bangko Sentral ng Pilipinas (BSP). Data released by the central bank yesterday showed personal remittances went […]
Read MoreUnsettled disputes between tour operators and airlines may exacerbate the tourism situation in Thailand by forcing outbound wholesalers to exit the market and more layoffs. The global coronavirus pandemic has created significant impacts to global tourism as the World Tourism Organization (UNWTO) has predicted a contraction of international arrivals by 1-3% with an estimated loss […]
Read MoreJAKARTA: Indonesia posted a larger-than-expected trade surplus in February with exports surging and imports contracting amid disruptions in global supply chains due to the coronavirus outbreak, data from the statistics bureau showed. Southeast Asia’s largest economy had a $2.34 billion surplus in February, compared with the $90 million surplus expected in a Reuters poll. The […]
Read MoreSINGAPORE: While Asian housing markets from Hong Kong to Bangkok buckle under the outbreak of coronavirus, Singapore seems to be holding up, at least for now. Sales in the city-state jumped 57% to 975 units in February, from 620 in January, according to Urban Redevelopment Authority data released Monday. It’s the highest February total since […]
Read MoreLocal supermarkets have been packed with shoppers since the evening of March 12 and some goods have been out of stock. The panic buying was sparked by rumours that the government planned to close schools and cinemas for up to a month, and that a patient had tested positive for COVID-19 at the Yangon General […]
Read MoreThe Bank of Thailand (BoT) has no plan to call an emergency meeting following the US Federal Reserve’s weekend decision to cut its policy rate to zero. Other central banks have also cut rates in unscheduled policy announcements in a concerted bid to blunt the impact of the coronavirus disease (Covid-19) pandemic “The Monetary Policy […]
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