Large-scale measures to help tourism-related operators and employees affected by the coronavirus epidemic are set to go before the economic cabinet this Friday. Given that other ministries are involved in the relief package, it needs to be discussed in the economic ministers’ meeting before forwarding to the cabinet for approval, said Lavaron Sangsnit, director-general of […]
Read MoreMANILA, Philippines— Despite the coronavirus outbreak, Pat Anthony Padua, a 24-year-old management trainee at a local bank, was all set to fly with friends to South Korea next week until the government spoiled the fun few minutes after he secured his visa. “On February 26, our visa applications were approved only for the travel ban […]
Read MoreThe government plans to ease licensing procedures for importing raw materials as the country’s manufacturing industry begins to feel the impact of the disruption to the supply chain from China caused by the coronavirus outbreak. Finance Minister Sri Mulyani Indrawati said in Jakarta on Monday that simplifying import procedures for raw materials would be one […]
Read MoreA key shippers group expects Thai exports to fall by 3.3% year-on-year in the first half of 2020 but is holding out hope for a second-half turnaround that would bring full-year results to 0-1% growth. Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers’ Council (TNSC), said the clear impact of the coronavirus outbreak on exports […]
Read MoreBank Indonesia said the country’s economic growth could still soar to 5.4 percent despite the ongoing spread of the coronavirus disease 2019 (COVID-19), which is feared to dampen economic activity around the world. The central bank recently cut its economic growth projection for this year to the range of 5 to 5.4 percent from its […]
Read MoreWITH the Covid-19 outbreak dampening tourism and causing supply chain disruptions that threaten factory output, economists expect Vietnam’s government to roll out a targeted fiscal package as early as March. Although Vietnam’s industrial production rose 23.7 per cent in February, the rebound was mostly due to the base effect of the Tet holiday, which was […]
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Thailand
