Vietnam and Laos have resumed commercial flights after months of suspension due to the Covid-19 pandemic. The first commercial flight between Hanoi and Vientiane was operated by Vietnam Airlines on the occasion of Vietnamese Deputy Prime Minister and Foreign Minister Pham Binh Minh’s visit to Laos from 29-30 November, according to Hanoi Times. Mr. Minh visited […]
Read MoreMyanmar has expected to sell 50 percent of natural gas produced from offshore projects to Thailand and 20 percent to China while the remaining 30 percent is set for domestic sale, according to the 2020-2021 State budget data. In the domestic gas consumption, 85.9 percent will be electricity generation, 5.3 percent for CNG production, four […]
Read MoreKUALA LUMPUR: The manufacturing and agriculture sectors are among the main contributors to the country’s economic growth during the Covid-19 pandemic, according to Deputy Minister in the Prime Minister’s Department (Economy) Arthur Joseph Kurup. He said the latest indicators that showed the better economic achievement included the Manufacturing Sector Production Index Performance which increased by […]
Read MoreAsian Development Bank (ADB) has adjusted its medium-term outlook for Cambodia’s economy, projecting that it will contract by 4 percent by the end of the year. ADB’s previous outlook had projected that the national economy would decline by 5.4 percent compared with last year, as a result of the ravages of the pandemic. However, improved […]
Read MoreJoint Standing Committee on Commerce, Industry and Banking (JSCCIB) is urging the government to extend its economic stimulus campaigns for 3-6 months to continue ongoing efforts to boost spending. The call is being made as the economy has not fully recovered in the wake of the pandemic. The JSCCIB says the country still needs fiscal-monetary […]
Read MoreMANILA, Philippines — Credit rating agency Moody’s Investors Service has downgraded its outlook on Rizal Commercial Banking Corp. (RCBC) and Philippine National Bank (PNB) to negative as the coronavirus pandemic has heightened asset risks, putting pressure on the profitability of these banks. Nevertheless, Moody’s said both banks have strong capital, prompting the debt watcher to […]
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Thailand
