Thailand has been cited as a success story in containing the coronavirus outbreak, having gone more than 40 days without any local transmission of Covid-19. Yet its economic outlook is the darkest in Asia. Gross domestic product is forecast to contract 8.1% this year, according to the Bank of Thailand. That’s worse than official forecasts […]
Read MoreThe headline consumer price index (CPI) dropped 1.57% in June from a year earlier, a less than expected decline, commerce ministry data showed on Friday. The reading compared with a forecast for a fall of 2.80% in a Reuters poll, and May’s 3.44% decline. The core CPI index dipped 0.05% from a year earlier, the […]
Read MoreJapanese commercial bank Maruhan Japan Bank Lao and local ride-hailing service Loca Laos have inked a deal on an e-commerce automated settlement solution to be provided by the Japanese bank. A signing ceremony was held at Maruhan Japan Bank headquarters in Vientiane yesterday, with the agreement signed by Maruhan Bank Chief Executive Officer, Mr. Anthony Chin, and […]
Read MoreSINGAPORE retail sales plummeted by a record degree in May, as the second month of the national “circuit breaker” extended the sector’s losses. The 52.1 per cent slide in receipts was worse than April’s 40.3 per cent plunge, and marks the worst decline since data was compiled in 1986, said the Department of Statistics (SingStat). […]
Read MoreConsumer sentiment picked up for a second straight month in June, boosted by businesses reopening after the lockdown lapsed and the government’s relief and economic stimulus schemes. The University of the Thai Chamber of Commerce (UTCC) reported yesterday that the consumer confidence index rose 49.2 in June from 48.2 in May and 47.2 in April. […]
Read MoreMiners in Indonesia, the world’s top coal exporting country, have decided to cut domestic production by 50 million tons this year in their bid to increase global coal prices, which have been falling during the health crisis. The Indonesian Coal Mining Association (APBI) has forecast coal production to fall short by 11 percent to 530 million […]
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