As the coronavirus pandemic penetrates more deeply into global supply chains, prices for key staples are starting to soar in some parts of the world. Rice and wheat – crops that account for about a third of the world’s calories – have been making rapid climbs in spot and futures markets. For countries that rely […]
Read MoreIndonesia’s loan growth fell to a more than 10-year low in February as a cooling economy due to the COVID-19 pandemic hit credit demand across business sectors. The country’s banking industry recorded a 5.93 percent loan growth in this year’s second month, the lowest expansion since November 2009, according to Financial Services Authority (OJK) data. The figure […]
Read MoreIndonesia’s economy is expected to grow by only 2.5 percent this year, from a four-year low of 5.02 percent in 2019, according to a new Asian Development Bank (ADB) report. The situation, caused largely by the COVID-19 outbreak, is expected to gradually improve in 2021. ADB’s flagship annual economic publication titled “Asian Development Outlook 2020” […]
Read MoreThe government’s appeal for people to work from home or travel by personal vehicle has left ride-hailing drivers with almost no customers. As such, ride-hailing providers have strategized to help their driver-partners and keep business afloat. A report by big data firm Statqo Analytics said Grab and Gojek had experienced 16 percent and 14 percent downturn, respectively, […]
Read MorePhysical distancing, closed shops and empty roads have changed the daily activities of Tedy Abdullah, a 27-year-old motorcycle taxi driver who partners with ride-hailing apps Gojek and Grab. What used to be hectic days that start in the afternoon and go on until the morning after, are now filled with inactivity. “I can wait for […]
Read MoreJAKARTA (Reuters) – Palm oil plantations in top palm producer Indonesia have imposed protocols to prevent the spread of coronavirus among workers but have no plans to reduce workers’ hours or other activities, an industry body said on Friday. Coronavirus has infected 1,790 people and killed 170 in the world’s fourth-most populous nation as of […]
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Thailand
