The economy could contract by as much as 10% this year in a worst-case scenario in which a second coronavirus outbreak occurs after the government lifts lockdown measures, says a financial expert. Supavud Saicheua, adviser to Kiatnakin Phatra Financial Group, expects the global economy to shrink by 6% in 2020 if there is a second […]
Read MoreThe Hanoitimes – Vietnam’s trade turnover is likely to have reached US$162.83 billion in the first four months, up 3.4% year-on-year. Vietnam reported an estimated trade deficit of US$700 million in April, narrowing the trade surplus to US$3 billion in the January – April period from the US$3.74 billion recorded one month ago, the General Statistics […]
Read MoreMANILA, Philippines — Public spending on infrastructure declined in the first two months due to high base effects caused by the timing of disbursements for accounts payables, according to the Department of Budget and Management (DBM). Based on DBM data, infrastructure spending from January to February dropped by 20.7 percent to P93.9 billion from P118.4 […]
Read MoreDomestic sugar manufacturers have begun to ramp up production capacity in response to the government’s call to stabilize prices ahead of the Ramadan festivities as the COVID-19 pandemic has disrupted supplies, a top official has said. Ten refined sugar manufacturers have produced around 90,000 tons of consumer sugar out the 250,000-ton target from the government […]
Read MoreThe Hanoitimes – Air, rail and road passenger transport will run at normal frequency across the country. The Ministry of Transport has allowed all the provinces and cities to increase the frequency of aircraft, trains and bus passenger transport from April 29 after loosening social distancing orders were loosened and the country will enter a four-day […]
Read MoreMANILA, Philippines — Fresh funds will be funneled by the government to two flagship programs meant to assist formal and informal workers displaced by the coronavirus disease-2019 (COVID-19), one of which was earlier suspended for lack of funds. An additional 530,000 workers will get assisted by the combined P2.5 billion new allocations for the COVID-19 adjustment […]
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Thailand
