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Thailand: Unemployment expected to hit 2.5%

Thailand’s unemployment rate is expected to have risen in the second quarter of this year, as prolonged and severe Covid-19 outbreaks took a heavy toll on Thai companies and entrepreneurs. Tanit Sorat, vice-chairman of the Employers’ Confederation of Thai Trade and Industry (EconThai), predicted that the country’s unemployment rate was likely to reach 2.5% in […]

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Philippines: No drastic change in BSP policy

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) will continue to be patient, with no drastic change in the country’s accommodative monetary policy stance, vowing to do whatever it takes to help the economy fully recover from the impact of the pandemic. In an interview with ABS-CBN News Channel, BSP Governor Benjamin Diokno said […]

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Thailand: Recovery still stalled

We have significantly reduced our outlook for Thailand’s economic growth given the surge in Covid-19 cases in the third quarter and subsequent disruption to activity. The country has been facing its worst outbreak since the onset of the pandemic, with cases surging to over 20,000 a day in August, far above previous outbreaks and reflected […]

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