malay01
Read More

Asian economic week ahead: Malaysia’s economy probably shrunk, South Korean unemployment grows

Malaysia’s economy probably contracted during the second quarter of the year as Coronavirus restrictions hit consumer spending. Its gross domestic product (GDP) contracted 0.2 percent compared with the first quarter, according to Moody’s analytics. GDP rose 2.7 percent over the second quarter. “Although recovering external demand and higher commodity prices have supported export-oriented manufacturers, movement […]

Read More
th03
Read More

Thailand: Modern trade sentiment at 3-year low

Modern trade sentiment fell to a three-year low due to the prolonged Covid-19 outbreaks, while operators were increasingly concerned about their liquidity and supply chains, according to a quarterly survey. The University of the Thai Chamber of Commerce (UTCC) on Monday reported that the modern trade sentiment index stood at 45.3 points (out of 100) in […]

Read More
phil03
Read More

Philippines exits recession in Q2, but recovery shallow

MANILA, Philippines (Update 2, 3:06 p.m.) — The Philippines is finally out of recession in the second quarter, posting its best annual growth rate in 32 years, but the rebound was shallow and new lockdowns triggered by the fast-spreading Delta variant are threatening to reverse gains. Gross domestic product — or the sum of all goods and services created […]

Read More
4055491
Read More

Thailand: BoI applications up sharply in first half

Despite escalating Covid-19 infections in the country, the value of Thailand’s investment applications more than doubled in the first half of the year, boosted by foreign direct investment, along with growth in the electronics and medical sectors. The Board of Investment (BoI) reported yesterday in the first six months of this year, applications increased by […]

Read More
logo
Read More

Thailand: Regulator steps in to simplify Covid claims

Insurance companies have been ordered to use Covid-19 RT-PCR tests instead of medical certificates as proof of a claim for a lump-sum payment, in order to ease the burden on buyers. The Office of Insurance Commission’s (OIC) secretary-general Suthiphon Thaveechaiyagarn said the worsening pandemic had caused a surge of Covid patients, making it increasingly difficult […]

Read More