Bangkok has fallen 19 places to the 49th most expensive location worldwide for international executive-standard accommodation, according to ECA International, a provider of information and software for the assignment of employees around the world. The decline reflects the severe impact that the Covid-19 pandemic has had on the rental market in the tourism-reliant Thai economy, […]
Read MoreThe Garment Manufacturers Association in Cambodia (GMAC) on Monday called on all stakeholders not to punish its members if they could not honor their delivery schedules because their production has been halted due to a COVID-19 lockdown. The Cambodian government has imposed a 14-day lockdown in the capital city Phnom Penh and its adjacent Ta […]
Read More(Bloomberg) — Indonesia’s central bank left its benchmark interest rate unchanged, and cut its outlook for economic growth, as it seeks to support an uneven recovery as foreign outflows pressure the country’s currency. Bank Indonesia kept the seven-day reverse repurchase rate at a record low of 3.5% on Tuesday, as expected by all 35 economists […]
Read MoreVietnamese tend to be more open to digital banking services than people in other countries in the Asia-Pacific region such as Singapore, Malaysia, New Zealand or Australia, according to a recent survey by FICO. FICO’s survey was conducted in 10 countries and territories in Asia-Pacific, including Australia, Hong Kong, Indonesia, Malaysia, New Zealand, the Philippines, […]
Read MoreMANILA, Philippines — The Philippines is likely to achieve herd immunity only in 2023 as the resurgence of COVID-19 infections over the past few months threatens the recovery from the pandemic-induced recession, according to Moody’s Analytics. In a report, Moody’s Analytics chief economist Steven Cochrane said there is much uncertainty about the outlook for the […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has said that Thailand can expect a drop in GDP of 0.5% to 1% if the government is able to control the new Covid-19 wave by April or May, respectively. Despite a slight decrease of daily infections from the record-high 1,767 cases last Sunday to […]
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