MANILA, Philippines — Manufacturing output declined at a slower pace in August even with the reimposition of a strict lockdown in Metro Manila and surrounding areas during the month, the Philippine Statistics Authority (PSA) said. Factory output, as measured by the Volume of Production Index (VoPI), declined at a slower pace of 9.8 percent in […]
Read MoreBusiness leaders are urging an extension of credit guarantees provided to small and medium-sized enterprises (SMEs) under the 500-billion-baht soft loan scheme, expanding from two years to 10 years to assist them. An extended credit guarantee period by the Thai Credit Guarantee Corporation (TCG) will help support liquidity of SMEs affected by the pandemic, said […]
Read MoreThe Bank of Thailand (BoT) saw a need to preserve limited monetary policy room to use at the most effective time, when it kept its benchmark rate steady at a record low last month, meeting minutes showed on Wednesday. On Sept 23, the central bank’s monetary policy committee voted unanimously to leave the one-day repurchase […]
Read MoreTHE use of livestreaming to sell products has ballooned in South-east Asia this year, according to a survey of regional businesses. That’s even as e-commerce gross merchandise value (GMV) rose to US$1.3 million in the second quarter of 2020, among the more than 1,000 sellers polled in four key markets. Their GMV for that period […]
Read MoreA shippers group forecasts Thai exports to fall by 8% this year, slightly better than the 10% contraction predicted in July, due to a gradual recovery in global demand. Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers’ Council, said that if the country fetches US$19.5-20 billion a month in the remaining months of the year, […]
Read MoreBilateral trade between Japan and Cambodia fell by 7.42 percent to $1.346 billion from January to August 2020, compared with the same period in 2019, according to statistics released by the Japan External Trade Organisation (JETRO). Cambodia’s exports to Japan dropped by 5.3 percent, valued at $1.045billion in the first eight months of 2020, while […]
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