First time in over 2 decades MANILA, Philippines — Multiple economic shocks at the start of the year weakened the Philippine economy in the first quarter, as it posted its worst performance since the Asian financial crisis in 1998, the Philippine Statistics Authority (PSA) reported yesterday. Gross domestic product (GDP), the broad measure of economic […]
Read MoreMinistry of Post and Telecommunications (MPTC) this week opened discussions for the draft on 2020-2030 cooperation plan Lancang-Mekong countries. The purpose of the dissuasion is to review and comment on the draft concerning the infrastructure linking Lancang-Mekong countries. The Ministry of Post and Telecommunications’ Secretary of State, Khay Khunheng, who chaired the meeting said the […]
Read MoreThe aviation sector can only recover in 2021 according to an official from the Ministry of Transport. Tran Bao Ngoc, head of the Transportation Department under the Ministry of Transport said that the aviation was the hardest-hit. Local airlines have nearly stopped all domestic and foreign flights. After social distancing rules are relaxed, they can […]
Read MoreThe economy would improve once businesses reopen and employ people, and tourism resumes, with measures in place to give visitors confidence in their safety, Prime Minister Prayut Chan-o-cha said on Friday. He was replying to questions about the next step in relaxing the nationwide lockdown imposed to prevent the spread of coronavirus disease. Speaking about […]
Read MoreAgriculture and Rural Development Bank (ARDB) is considering to lower down the interest rate from 6 percent to 5 percent to support the farmers. At present, ARDB is providing the loan from $10,000 to $300,000 with the 6 percent per annum for working capital (two years period), and investment capital is 6.5 percent per annum […]
Read MoreThailand’s economic performance in the first quarter was not good and the current quarter will be worse as the nation faces the full impact of the coronavirus pandemic, Deputy Prime Minister Somkid Jatusripitak said on Friday. The key economic drivers of exports and tourism were weak as the global economy was not good, so the […]
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Thailand
