Thailand’s economy could contract by 15% year-on-year in the second quarter from lockdown measures, with rising contagion risk affecting economic activities on the external front, says Asia Plus Securities (ASP). “Second-quarter GDP is likely contract for both quarter-on-quarter and year-on-year figures because of the country’s lockdown measures against the pandemic,” said ASP executive vice-president Therdsak […]
Read MoreJapanese companies operating in Indonesia will stick to their future investment plans, despite declines in sales and production due to the ongoing health crisis, a survey conducted by the Japan External Trade Organization (JETRO) has shown. The JETRO survey, which illustrates the impact the pandemic has had on more than 350 Japan-based companies operating in […]
Read MoreMANILA, Philippines — The non-performing loan (NPL) ratio of Philippine banks rose for the fifth straight month to hit a five-year high of 2.43 percent in May from 2.31 percent in April, amid the sharp rise in past due as well as restructured loans due to the COVID-19 pandemic, according to the Bangko Sentral ng […]
Read MoreSINGAPORE – Singapore clinched three of the top five private equity and venture capital deals struck in the region in the first quarter amid markedly slower economic activity across South-east Asia due to the pandemic. There were 141 such deals worth US$1.4 billion (S$1.95 billion) in the region in the three months to March 31, Ernst […]
Read MoreKUALA LUMPUR, July 9 — The tourism sector has seen an upsurge, with hotel reservations nationwide showing an increase of up to 30.74 per cent until June, said Tourism, Arts and Culture Minister Datuk Seri Nancy Shukri. She said hotels were being filled up by domestic tourists and this had helped revive the country’s economy, […]
Read MoreExports in garment sector dropped more than 5 percent to around $3.78 billion in the first half of the year, according to a spokesman of the Ministry of Labour and Vocational Training. The Labour Ministry’s spokesman Heng Sour said at a news conference on Government Measures in Response to the Impact of COVID-19 at the […]
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