Cutting costs is critical for the maritime transport sector, which is seeing a slowing down in activities due to the COVID-19 pandemic. According to a report by the Vietnam Maritime Administration, the transport of passengers and goods via seaports during the pandemic’s peak period saw a fall of 100 percent against the same period last […]
Read MoreThe Thai Hotels Association (THA) has urged Prime Minister Prayut Chan-o-cha to lift the 14-day quarantine for visitors from countries that successfully contain the virus spread and also wants a tax deduction for hotels that invest to meet new hygiene standards. At a meeting with Gen Prayut on Friday, the association reported that the most […]
Read MoreThe European Commission has added Myanmar to its list of states that pose high risks to the bloc’s financial system today (May 7) because of anti-money laundering and terrorism financing deficiencies. Cambodia, Barbados, Botswana, Ghana, Jamaica, Mongolia, Nicaragua and Zimbabwe are also included in the latest EU listing. Laos, Bosnia-Herzegovina, Ethiopia, Guyana, Sri Lanka and […]
Read MoreThailand’s economy may shrink 3%-5% this year, sharply down from growth of 1.5%-2.0% projected in March, as the coronavirus pandemic hits global demand and domestic activity, a group of leading business associations said on Thursday. The group also cut its forecast for 2020 exports, a key growth driver, to a fall of 5%-10%, from zero […]
Read MoreKUALA LUMPUR, May 8 ― Companies in Malaysia in a recent poll are most worried about making payroll and having no customers, with most reporting that they were forced to use their reserves for operational costs during the nationwide movement control order (MCO) as many of them also reported no sales and revenue in that […]
Read MoreThe central bank of Vietnam had previously cut the benchmark interest rates by 0.5 – 1 percentage point in March. If business performance is below expectation, the State Bank of Vietnam (SBV), the country’s central bank, may reduce policy rates by another 0.25 – 0.5 percentage points in the future, according to Bao Viet Securities […]
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