Indonesia’s top fuel distributor, state-owned Pertamina, is offering a Ramadhan holiday fuel promotion for purchases of unsubsidized fuels amid the COVID-19 pandemic that has impacted people’s purchasing power. Pertamina’s latest promotion, which will run until May 31, grants customers a 30 percent discount of up to Rp 20,000 (US$1.32) when paying for unsubsidized fuels using […]
Read MoreMANILA, Philippines — Manufacturing slumped for the first time this year in March, a sign movement restrictions meant to contain the coronavirus has started grinding factories to a halt, beginning with smaller ones. The volume of production index, which gauges the quantity of merchandise produced by factories, declined 6.3% year-on-year in March, while value of goods […]
Read MoreDespite a huge increase in approved foreign investments from US$1.9 billion to $3.3 billion during the period between October and March, the actual inflow of foreign direct investments (FDI) are lower. At US$500 million, the inflow of investment in the first quarter of the year fell short of last year’s US$800 million, said U Aung […]
Read MoreThe Hanoitimes – Record falls were seen in output, new orders, employment and purchasing amid company shutdowns and the cancellation of orders. The headline Nikkei Vietnam Manufacturing Purchasing Managers’ Index (PMI) posted 32.7 in April, well down on the reading of 41.9 seen in March which itself had signaled a record monthly deterioration in the health […]
Read MoreOf the 200 companies eligible to receive a government COVID-19 soft loan, just 20 qualify for funding of more than K100 million. These included firms in manufacturing, trading and industry. Out of the 70 tourism and hotel-related companies that qualified for financing, just one, Inle Princess, was eligible for a loan of K100 million and […]
Read MoreAll ASEAN countries are still fighting the coronavirus and there is no sign that the virus will disappear soon. The extent of the impact on ASEAN economies depends on how effectively the outbreak is contained. In this column I argue that the public health containment measures can cause a recession, but the lost economic growth can be recovered […]
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Thailand
