The Civil Aviation Authority of Thailand (CAAT) has extended its inbound flight ban to April 30 except repatriation flights and some others for Covid-19 control. CAAT’s director-general Chula Sukmanop announced the ban extension on its media on Wednesday morning. It was the third extension of the ban which was first imposed on April 3. He extended the ban on inbound passenger […]
Read MoreMANILA, Philippines — The government might be coming up short of actual cash to bankroll a massive response to the coronavirus outbreak but it will never ask its creditors for a moratorium on debt payments. In a statement released Tuesday, Finance Secretary Carlos Dominguez III flatly rejected what he called “narrow-sighted” suggestions to use interest […]
Read MoreThe economy could suffer a record blow of 1.3 trillion baht in damage from the spiralling spread of the coronavirus, according to preliminary estimates by the Thai Bankers’ Association (TBA). The country’s economic damage based on the preliminary reading represents 7.7% of GDP, on a par with the economic contraction during the financial crisis of […]
Read MoreKUALA LUMPUR, April 13 ― Malaysia’s manufacturing sales grew by 7.0 per cent year-on-year (y-o-y) in February 2020 to register at RM110.6 billion from RM103.4 billion in February 2019, said the Department of Statistics today. Chief statistician Datuk Seri Mohd Uzir Mahidin said the y-o-y growth was driven by the increase in petroleum, chemical, rubber […]
Read MoreCambodian policymakers have more time to think of additional measures to mitigate the economic shock of the COVID-19 pandemic on the country, according to the National Bank of Cambodia’s director-general Chea Serey. Referring to the effect COVID-19 has already had on the country’s key industry sectors, Chea Serey said to international media outlet CNBC, “On […]
Read MoreKUALA LUMPUR, April 15 — Malaysia will not be spared the global headwinds combined with the mass effect of Covid-19, with the central bank together with the World Bank and Internal Monetary Fund (IMF) forecasting a growth contraction for this year, although its economy is expected to rebound with strong expansion next year, says Affin Hwang Investment […]
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Thailand
