The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has cut its forecast for 2020 GDP growth to 2-2.5% from a previous projection of 2.5-3%, citing economic difficulties aggravated by the novel coronavirus outbreak. The panel’s export view remains unchanged between flat and a 2% drop, while inflation is seen at 0.8-1.5%. This is […]
Read MoreThe Bank of Thailand (BoT) slashed its policy rate by 25 basis points to a fresh record low of 1% at this year’s first meeting in an effort to shore up an economy battered by the coronavirus epidemic and the months-long delay in the fiscal 2020 budget bill. The Monetary Policy Committee (MPC) unanimously voted […]
Read MoreThe Hanoitimes – Supporting industries hold significant meaning in Vietnam’s efforts to restructure the economy and enhance national competitiveness, said Minister of Industry and Trade Tran Tuan Anh. Samsung Vietnam on February 4 signed a memorandum of understanding (MoU) with the Ministry of Industry and Trade (MoIT) and the Hai Duong People’s Committee in providing assistance […]
Read MoreLocal liquor manufacturers are struggling to stay profitable as competition from illegal importers continues eat into their margins, said U Soe Lwin, chair of The Myanmar Liquor Association (MLA). Legally imported liquors and spirits like whiskeys, rum and gin are taxed upon entry and this is passed on to consumers. “The total tax payable for […]
Read MoreIndonesia’s economy grew 5.02 percent annually in 2019 because of weakening investments and exports, Statistics Indonesia (BPS) announced on Wednesday. Last year’s gross domestic product (GDP) growth was the weakest since 2015, slowing from 5.17 percent in 2018. This also means the government failed to achieve the targeted growth of 5.3 percent stated in the […]
Read MoreNot so long ago, online food delivery services were limited to pizza, fried chicken and burgers from large international chains. Thanks to the advancement of technology and the rapid global penetration of e-commerce, consumers nowadays are able and willing to pay extra for their favourite food from their go-to food places or from trendy new […]
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Thailand
