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Thailand: Face masks in surplus, ministry says

Thailand has more than enough medical face masks after several factories were set up, a trade official says. Whichai Phochanakij, director-general of the Internal Trade Department under the Commerce Ministry, said Thailand has a surplus of medical face masks of 1.2 million pieces a day, with total production in the country of 4.2 million pieces […]

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Health remains Vietnamese consumers’ top concern: Nielsen

The Hanoitimes – Health, local origin and looking for more online shopping experiences are the major concerns among Vietnamese consumers. While health had been the top concern for four consecutive quarters in Vietnam, 49% of Vietnamese consumers indicated health as their top concern in the first quarter of 2020, up 4% compared to the last quarter […]

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Philippines: Credit growth slows in May

MANILA, Philippines — Credit growth slowed down for the second straight month in May as the government extended the enhanced community quarantine to limit the spread of COVID-19, according to the Bangko Sentral ng Pilipinas (BSP). BSP Governor Benjamin Diokno said preliminary data showed loans extended by universal and commercial banks increased by 11.6 percent […]

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Thailand: TAT predicts 80% plunge in arrivals

A new forecast by the Tourism Authority of Thailand (TAT) says the number of foreign tourists this year may plunge 80% to 8.2 million as revenue slides to 396 billion baht, with international air traffic regaining just 10% of the pre-pandemic schedule. The latest forecast issued on July 1 is based on the current situation […]

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Philippines: Money supply growth fastest in 6 years

MANILA, Philippines — Money supply grew at a fastest pace in almost six years in May as measures to soften the impact of the COVID-19 pandemic released more cash into the financial system, according to the Bangko Sentral ng Pilipinas (BSP). BSP Governor Benjamin Diokno said domestic liquidity grew faster at 16.6 percent to P13.68 […]

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Indonesia: Bali from US, France, India to boost tourism

National flag carrier Garuda Indonesia plans to open direct flights to Denpasar, Bali, from the United States, France and India in an attempt to boost the country’s tourism that has been battered by the pandemic. The direct flights will connect Bali with American cities like Los Angeles and San Francisco and Indian cities like Mumbai and […]

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