The World Bank expects the Cambodian economic activity to shrink 1 percent this year before rebounding to 6 percent next year under its baseline scenario for the country. Under this scenario, contained in the bank’s biannual update for Cambodia released Friday, agriculture would have the only positive contribution to GDP in 2020. Agricultural activities are […]
Read MoreTo cut or not to cut is the puzzle facing economists and analysts deciphering the Bank of Thailand’s interest rate decision-making, with pandemic pressures presenting the possibility of a zero policy interest rate. The Bank of Thailand cut its policy rate by 25 basis points to a record low of 0.50% on May 20 to […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) plans to deploy in July a more forward-looking compliance rating system in assessing the compliance of banks and other financial institutions in mitigating business risk. The BSP is reassessing the timeline for the implementation of the Supervisory Assessment Framework (SAFr) amid the impact of the coronavirus […]
Read MoreThe Bank of Thailand said it’s concerned about a recent rapid appreciation in the currency and added it’s ready to take steps to curb a climb that could imperil an already fragile economy. The baht’s near 2% rise against the dollar in the past month is among the steepest in Asia, aided by dwindling Thai […]
Read MoreThe Foreign Ministry has informed Thailand’s foreign chambers of commerce that foreigners who have work permits or permission from Thai government agencies will soon be allowed to enter the kingdom. Currently, Thai nationals who wish to return to the country are being accommodated while some particular groups of foreigners such as diplomats or humanitarian workers […]
Read MoreKUALA LUMPUR, May 29 — The Department of Statistics Malaysia (DOSM) has predicted that the country is heading into an economic recession in the next four to six months. In the Malaysian Economic Statistics Review (MESR), chief statistician Datuk Seri Mohd Uzir Mahidin said that their prediction was based on the latest leading Indicators and […]
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