MANILA, Philippines — A prolonged lockdown that has now been in place for four months will cause the Philippine economy to contract by eight percent this year and make it among the slowest to recover in Asia, a London-based think tank said. In a report, Capital Economics placed the pace of economic recovery in the […]
Read MoreThe Hanoitimes – Vietnam’s central bank is expected to pursue a stronger dong, especially as this might weigh on the recovery of the country’s export-oriented manufacturing sector over the coming months. Although foreign direct investment (FDI) in 2020 is likely to be weaker than 2019 due to Covid-19, Fitch Solutions expected the Vietnamese central bank to […]
Read MoreIn the first quarter of 2020, Brunei Darussalam’s gross domestic product (GDP) at current prices was estimated at BND4.56 billion compared to BND4.55 billion in Q1 2019. The oil and gas sector, comprising oil and gas mining and manufacturing of liquefied natural gas (LNG), was valued at BND2.4 billion which accounted for 52.3 per cent […]
Read MoreThe Prime Minister’s Office on Tuesday issued a notice to the Ministry of Energy and Mines to reduce residential electricity prices from April to December during the COVID-19 outbreak. Notice No.752 on July 14 follows Prime Minister Thongloun Sisoulith’s advice on July 8 to implement a policy where consumers using less than 150 kWh per […]
Read MoreThe 2020 Union Tax bill plans to raise special item tax levied on cigarettes and liquor up to K27 per pack for cigarettes, 60 percent of the price for liquor and beer, and 50 percent of the price for wines. “We, in line with the country’s health policy, plan to raise special item tax on […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has strengthened the oversight of payment systems to mitigate potential systemic risks amid the global health crisis and after the country was dragged into the $2.1 billion Wirecard AG scandal. BSP Governor Benjamin Diokno said the Monetary Board approved the Payment System Oversight Framework (PSOF), setting […]
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Thailand
