The Thai economy is estimated to shrink by 6.5% this year, eroding from a 4.8% contraction seen previously, as the coronavirus pandemic takes a toll on domestic consumption and investment and pummels outbound merchandise and services, says the Asian Development Bank (ADB). If the ADB’s forecast comes to pass, Thailand will have the deepest contraction […]
Read MoreBrunei’s retail sales performance in the first quarter (Q1) of 2020 increased to 4.3 per cent compared to the first quarter of 2019. This was stated in the Retail Sales Index (RSI) released by the Department of Economic Planning and Statistics (JPES) recently. JPES also released the Food and Beverages Services Index (F&BSI). The reports […]
Read MoreCambodia’s special economic zones (SEZs) are among several Asean peers that boast potential opportunities for US investors, seeking to diversify their supply chains, according to a recent report conducted by an international service firm. It said the bloc’s SEZs are playing an important role in facilitating greater trade between the region and the US through […]
Read MoreBank Indonesia (BI) has cut its benchmark interest rate – after a two-month pause – to support economic growth, which is likely to fall to its lowest since the 1999 Asian financial crisis. The central bank slashed its benchmark interest rate, the BI seven-day reverse repo rate, by 25 basis points to 4.25 percent on […]
Read MoreMANILA, Philippines — The projected five percent decline in overseas Filipino workers’ remittances may further slash the country’s economic output by 0.4 percent this year, according to the Bangko Sentral ng Pilipinas (BSP). In a press conference, BSP Governor Benjamin Diokno said monetary authorities lowered their growth forecast for OFW remittances to two percent from […]
Read MoreThe Hanoitimes – Luxshare ICT announced they are still hiring 300 workers per day from June 18 to 20 for production expansion in North Vietnam. Luxshare Precision Industry (Luxshare ICT), one of Apple’s contract manufacturers, is hiring thousands of workers in Vietnam to assemble AirPods. Over the last few days, the company’s fanpage has been posting […]
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Thailand
