Many financiers from the Republic of Korea (RoK) are expecting that regulations on financial investment activities in Vietnam will become clearer and more open with the revised Investment Law coming into force. Regarding economic co-operation between the two countries during the novel coronavirus (COVID-19) pandemic, Hong Sun, vice president of the Korea Chamber of Business […]
Read MoreThe central bank has advised that monetary policy should remain accommodative for some time to support Southeast Asia’s worst performing economy through the coronavirus pandemic and help inflation return to target. The Monetary Policy Committee expects headline inflation – projected at minus 1.7% this year – to get back to the 1%-3% target range in […]
Read MoreMANILA, Philippines — A prolonged lockdown that has now been in place for four months will cause the Philippine economy to contract by eight percent this year and make it among the slowest to recover in Asia, a London-based think tank said. In a report, Capital Economics placed the pace of economic recovery in the […]
Read MoreThe Hanoitimes – Vietnam’s central bank is expected to pursue a stronger dong, especially as this might weigh on the recovery of the country’s export-oriented manufacturing sector over the coming months. Although foreign direct investment (FDI) in 2020 is likely to be weaker than 2019 due to Covid-19, Fitch Solutions expected the Vietnamese central bank to […]
Read MoreIn the first quarter of 2020, Brunei Darussalam’s gross domestic product (GDP) at current prices was estimated at BND4.56 billion compared to BND4.55 billion in Q1 2019. The oil and gas sector, comprising oil and gas mining and manufacturing of liquefied natural gas (LNG), was valued at BND2.4 billion which accounted for 52.3 per cent […]
Read MoreThe Prime Minister’s Office on Tuesday issued a notice to the Ministry of Energy and Mines to reduce residential electricity prices from April to December during the COVID-19 outbreak. Notice No.752 on July 14 follows Prime Minister Thongloun Sisoulith’s advice on July 8 to implement a policy where consumers using less than 150 kWh per […]
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Thailand
