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Thailand: Modern trade index down in Q1

The modern trade sentiment was far from showing any signs of recovery in the first quarter after it plunged to the lowest rate in three quarters as a result of weakened purchasing power amid the Covid-19 crisis. Surong Bulkul, vice-chairman of the Thai Chamber of Commerce said the third wave of the pandemic is expected […]

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Indonesian economy struggles to bounce back

JAKARTA: Indonesia’s economy contracted more than expected in the first quarter (Q1), as one of the fastest vaccine rollouts in South-East Asia hasn’t been enough to revive domestic demand. Gross domestic product (GDP) declined 0.74% in Q1 from a year ago, the statistics bureau said yesterday, worse than the median estimate of -0.65% in a […]

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Cambodia: Kingdom isolated from highest credit defaults

Moody’s Investor Service reported the pandemic boosted corporate defaults in emerging markets (EM) to 7.7 percent in March, but that figure is projected to fall to 4 percent by year-end. “The recovery is likely to be uneven across EM countries and, thus, default rates will vary between countries. A resurgence of virus infections, slow vaccinations, […]

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