MANILA, Philippines — The Philippine economy is expected to “barely grow at all in 2020 as a whole,” but is expected to rebound strongly in 2021 to register a growth rate of 8.5 percent, said London-based Capital Economics. In a research brief issued over the weekend titled “Currencies under pressure, virus apreads in S E Asia,” […]
Read MoreThe rupiah breached Rp 16,000 against the US dollar on Friday, the weakest since the 1998 crisis, taking its toll on central bank reserves, corporate debt obligations and import-reliant industries as the COVID-19 pandemic prompts an Indonesian asset selloff. Bank Indonesia (BI) Governor Perry Warjiyo said on Friday that the central bank had spent Rp […]
Read MoreAs the 40th anniversary for the reintroduction of the riel approaches, Khmer Times has interviewed numerous Cambodians from all walks of life and all parts of the Kingdom to gauge feeling about the move. We have asked many different questions and received many different answers, but the one response that has remained consistent from all we spoke […]
Read MoreThe worst is yet to come for consumers, as rice packers warn that packaged rice prices are likely to increase further after domestic rice prices rose by 20-30% since the start of the year, mostly due to drought and a sharp rise in demand in light of the pandemic. Somkiat Makayatorn, honorary president of Thai […]
Read MoreRanging from small startups to large multinational corporations, businesses across the board have been gearing up contingency plans for if the government orders a lockdown as the coronavirus pandemic escalates in Thailand. In the latest worst-case scenario projected by the Thoracic Society of Thailand, there could be 200,000 people infected with the coronavirus and 540 […]
Read MoreHANOI: A summit of Southeast Asian and other international leaders scheduled in Vietnam early next month has been postponed until end-June due to worries about the coronavirus pandemic, Vietnam’s Foreign Ministry said on Thursday. Vietnamese Prime Minister Nguyen Xuan Phuc has informed leaders of other Southeast Asian countries about the postponement, the ministry said. The […]
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Thailand
