Exports fared better than expected for the full year of 2020, contracting 6.1% from the previous year, driven by an unexpected rise in December, ending a seven-month decline. The Commerce Ministry reported that customs-cleared exports fetched US$20.1 billion in December, up 4.71% year-on-year, with imports rising 3.62% to $19.1 billion, resulting in a trade surplus […]
Read MoreAround 1.5 million Thais were estimated to enter into poverty in 2020 due to the pandemic, says the World Bank. Thailand’s poor totalled 3.7 million in 2019 and the tally was expected to rise to 5.2 million in 2020, attributed mainly to adverse effects from the pandemic crisis, said Kiatipong Ariyapruchya, senior economist for Thailand […]
Read MoreMANILA, Philippines — Tourism stakeholders are requesting for the deferment of the payment of local business taxes this year given the severe impact of the COVID-19 pandemic on the operations of the industry. In a letter to Department of the Interior and Local Government (DILG) Secretary Eduardo Año, Tourism Congress of the Philippines (TCP) president […]
Read MoreAutoriti Monetari Brunei Darussalam (AMBD) acts as a central bank of Brunei Darussalam with the responsibility of formulating and implementing monetary policy, advising the government on monetary arrangements, and supervising banks and other financial institutions. AMBD was established on January 1, 2011 as a statutory body, as stipulated in the AMBD Order, 2011. A monetary […]
Read MoreAs Cambodia works towards its goal of de-dollarising the economy, its dual-currency system is bolstering the population’s purchasing power while other emerging economies struggle to keep pace with the rising greenback. A Bloomberg report from earlier this week said most developing nations’ currencies have experienced a slump over the past two weeks while the US […]
Read MoreIndonesia remained China’s second-biggest nickel ore supplier in 2020, Chinese customs data showed on Wednesday, despite the Southeast Asian country’s ban on exports of the material. Arrivals of Indonesian nickel ore into China totaled 3.4 million tons last year, the General Administration of Customs reported. That was down 85.8 percent from 2019 but still second […]
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Thailand
