All ASEAN countries are still fighting the coronavirus and there is no sign that the virus will disappear soon. The extent of the impact on ASEAN economies depends on how effectively the outbreak is contained. In this column I argue that the public health containment measures can cause a recession, but the lost economic growth can be recovered […]
Read MoreAFP – Some oil-hungry Asian nations are taking advantage of the collapse in prices caused by the Coronavirus pandemic to build up their crude stockpile.Here are some questions and answers about strategic reserves and the region’s oil supplies: Strategic reserves are stockpiles of oil and other fuels held by governments in secure storage facilities to cover […]
Read MoreSINGAPORE (BLOOMBERG) – Factory output across several Asian countries slumped to record lows in April, signalling a deeper contraction in the world’s manufacturing hub even as China begins restarting some operations. Purchasing Managers’ Indexes (PMIs) across South-east Asia slumped further below 50, the dividing line between contraction and expansion, to post their weakest readings since […]
Read MoreASEAN tourism ministers yesterday agreed to work together to deal with the potentially fatal Novel Coronavirus pandemic, underlining action plans and a post-recovery plan to support the tourism sector. In a statement made at a special meeting on Coronavirus via video conference, members expressed deep concern over the pandemic, which has severely affected the health, […]
Read MoreNo more talks about visa exemptions or visa fee waivers are expected for Asean countries in the foreseeable future as members are focusing on their own rehabilitation plans, the tourism and sports minister said. At a Special Meeting of Asean Tourism Ministers on Covid-19 via video conference on Wednesday, tourism ministers of the 10 member […]
Read MoreThe COVID-19 pandemic is putting severe growth pressure on the economies of Cambodia, Laos, Myanmar and Vietnam (CLMV) and may cause the region’s growth to slip to a historical low, according to a Maybank Kim Eng report. CLMV’s GDP growth is forecast to slow sharply to 3 percent in 2020, down from 6.9 percent in […]
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Thailand
