The impact of COVID-19 might linger long after the pandemic ends as stakeholders in tourism, one of the hardest-hit sectors, brace for a major shift in customer behaviour and preferences after the dust settles. As tourists drop travel plans on the back of social distancing requirements, the government, initially set to develop tourism as the […]
Read MoreShortages in key commodities have been reported in most of Indonesia’s 34 provinces as the nation copes with the double whammy of the coronavirus outbreak causing supply chain disruption and a dry spell hurting harvests. Garlic, sugar, chili and chicken eggs are in short supply in more than 20 provinces, while rice, a staple food […]
Read MoreThe Philippine economy contracted for the first time in more than two decades during the first quarter, but officials warned Thursday that the worst was likely yet to come as the nation reels from the coronavirus pandemic. Gross domestic product shrank 0.2 percent in January-March, its worst performance since 1998 during the Asian financial crisis […]
Read MoreIndonesia’s economy is heading into turbulence as the COVID-19 pandemic is expected to further batter growth after the country recorded the weakest economic expansion since 2001 in the first quarter of the year, economists have warned. The country’s gross domestic product (GDP) grew 2.97 percent year-on-year (yoy) in the first three months of the year […]
Read MoreThe coronavirus-induced economic downturn might cause up to 12.3 million people to fall into poverty by the second quarter of this year if the government fails to contain the pandemic soon, researchers warn. The Center of Reform on Economics (CORE) Indonesia based its estimation under the assumption that the pandemic will reach its peak by […]
Read MoreBank Indonesia (BI) has pledged to go all out to bolster the economy as the central bank has forecast economic growth to weaken 0.4 percent in the second quarter due to coronavirus containment measures. BI Governor Perry Warjiyo projected gross domestic product (GDP) growth to pick up slightly to 1.2 percent in the third quarter […]
Read More
Thailand
