Thai fuel consumption in the first 10 months of this year contracted 13% due to the economic recession, according to the Department of Energy Business (DOEB). Director-general Nanthika Thangsupanich said air and land traffic restrictions across the globe during the pandemic were the main reason for the reduction, which was a record decrease for Thailand. […]
Read MoreMANILA, Philippines — Long-term economic scarring in the Philippines because of the coronavirus pandemic can be expected to be among the worst in the world, according to Oxford Economics. In a recent global research paper, the UK-based research firm said the overall long-term economic scarring would be worse in emerging markets than advanced economies because […]
Read MoreThe government on Friday released a shipment of exports worth US$1.64 billion by 133 large and small businesses to seek alternative markets and to revive Indonesian trade, which has slowed during the COVID-19 crisis. While 79 large businesses accounted for the overwhelming majority of the exports, 54 small and medium enterprises (SMEs) contributed $12.3 million. […]
Read MoreTHE rally in commodity prices will likely cause prices especially of food to go up and with the present focus on growth, not much may be done to control this inflation. Commodity prices, climbing on expectations of normalising demand, can even cause an “explosion in other prices, ” once demand resumes to normal levels. Will […]
Read MoreSINGAPORE will continue working with like-minded partners to uphold and update an open and inclusive global trade architecture, said Minister for Trade and Industry Chan Chun Sing on Tuesday. In addition to developing digital economy and free trade agreements, Singapore will re-establish its Covid-disrupted links with the rest of the world, and strengthen other dimensions […]
Read MoreThailand’s economy is forecast for clear recovery momentum in 2022 as domestic demand will remain weak in 2021, says CIMB Thai Bank (CIMBT). “Thailand may only post a recovery next year in the export sector because domestic demand remains weak and has sluggish prospects, especially for small businesses that face tepid sales growth,” said Amonthep […]
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