The strengthening of the kyat against the US dollar and Chinese yuan has begun to have a negative impact on Myanmar’s beans and pulses, merchants in Mandalay say. The rise in the kyats value of the past several weeks means Myanmar’s goods have become more expensive for foreign buyers while at the same time earning […]
Read MoreThe baht’s direction this week will be determined by developments in the spread of the new coronavirus outside China after the baht moved up against the US dollar last week, says Kasikorn Research Centre The baht this week from March 9-13 is expected to move in a range of Bt31.20-31.80/USD, Kasikorn Research Centre has forecast. […]
Read MoreMinister of Tourism, Thong Khon, has drawn comparisons between the current COVID-19 outbreak to the Severe Acute Respiratory Syndrome (SARs) pandemic that occurred in 2003 and devastated the tourism industry in Asia. “Cambodia experienced a dramatic decline in foreign tourist arrivals during the 2003 SARs outbreak and we are seeing a similar reaction with the […]
Read MoreAs the government prepares a second fiscal stimulus package to support the economy, Finance Minister Sri Mulyani Indrawati warns that the economic impacts of the COVID-19 coronavirus outbreak will be far more complicated than that of the 2008 financial crisis. Driven by the United States subprime mortgage debacle, the 2008 financial crisis mostly affected financial institutions, banks […]
Read MoreThe Revenue Department could lower its tax revenue target for fiscal 2020 because business has been stunted by the Covid-19 outbreak, spokeswoman Sommai Siriudomset said on Friday (March 6). The target is currently Bt2.116 trillion, she said, but many state economic agencies have lowered growth forecasts for gross domestic product in 2020. To ease taxpayers’ […]
Read MoreThe Hanoitimes – The retail network in Hanoi can supply sufficient necessities for locals in any case, even in the event of a drastic surge in demand. Foodstuffs have been filled up on shelves at supermarkets and convenience stores and also abundant at wet markets in Hanoi on Sunday after locals rushed to buy in necessities […]
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Thailand
