Cambodia could lose more than 15 percent of its international remittances in 2020 under the worst-case scenario because of the COVID-19 pandemic, according to a report by the Asian Development Bank (ADB). Based on the country’s total remittances of $2.8 billion in 2019, more than $420 million will not be sent home this year – […]
Read MoreMANILA, Philippines — Moody’s Analytics said the Philippine economy may book a deeper contraction of eight percent in the second quarter of the year from 0.2 percent in the first quarter due to the containment measures against the deadly coronavirus disease 2019. Steven Cochrane, chief economist for Asia Pacific at Moody’s Analytics, said the country’s […]
Read MoreThe downward trend in the annual inflation rate continued in July, the lowest since 2000, as the COVID-19 pandemic ravages people’s purchasing power. Statistics Indonesia’s (BPS) consumer price index (CPI) was up by 1.54 percent year-on-year (yoy) in July, below Bank Indonesia’s (BI) target range of between 2 and 4 percent for the year. It […]
Read MoreDESPITE challenges posed by the Covid-19 pandemic, Singapore-listed companies charted a new record in governance and transparency this year. The Singapore Governance and Transparency Index (SGTI) 2020 surged to an all-time high score of 67.9 points, compared with 59.3 last year. The increase means that companies fared better in corporate governance disclosures compared to 2019. […]
Read MoreForeign investors are making new investments moves into Vietnam on the back of supporting policies and new rules. However, as some legal concerns remain, the development of the next steps still requires some preparation. The European Chamber of Commerce in Vietnam (EuroCham) has just announced the Business Climate Index (BCI) for the second quarter, showing […]
Read MoreSINGAPORE – Manufacturing activity made a surprise jump into expansion territory in July after five straight months of contraction amid the coronavirus-induced slump. However, the outlook for the rest of the year remains uncertain amid a resurgence in infections in several major economies, prompting re-imposition of some lockdown measures. The Purchasing Managers’ Index (PMI) rose […]
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Thailand
