GDP to take centre stage THE main release this week will be the gross domestic product (GDP) data for the fourth quarter of 2020 (Q4’20). Bank Negara is expected to release the data on Thursday. A Bloomberg poll estimates a contraction of 3.6% year-on-year (y-o-y) in Q4’20 from 2.7% in Q3’20. UOB Global Economics & […]
Read MoreJAKARTA (AFP) – Indonesia yesterday logged its first annual contraction since the 1998 Asian financial crisis, as the coronavirus pandemic slammed Southeast Asia’s biggest economy. The country’s gross domestic product fell 2.07 per cent in 2020 from a year earlier, the statistics agency said, with household spending, transportation and tourism among the hardest-hit sectors. Yesterday’s […]
Read MoreAFP – Maritime container freight shipping is steaming ahead through the COVID-19 pandemic, boosted by strong demand for Chinese exports and a shortage of vessels according to industry experts. The Freightos Baltic Global Container Index (FBX), which tracks the cost of container shipping, has almost quadrupled for the China-Europe route since early November to stand at […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may keep the benchmark interest rate at an all-time low of two percent on Thursday despite the breach of its two to four percent inflation target in January, according to economists. ING Bank senior economist Nicholas Mapa said the Monetary Board is likely to keep its […]
Read MoreSome 80% of spa businesses nationwide have closed, prompting the Thai Spa Association to call for urgent relief aid from the government, especially in the form of a salary co-payment scheme. Spas are slowly reopening, following a relaxation of lockdowns in many provinces, but the domestic market cannot completely revive the business, which relies heavily […]
Read MoreKUALA LUMPUR: While there is a general consensus that the economy will see a substantial recovery in the second half of the year, there are also concerns that declining consumer confidence would further impact businesses in the short term amid rising Covid-19 cases. Professor of Economics at Sunway University Business School Dr Yeah Kim Leng […]
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Thailand
