The government remains positive that exports are unlikely to plunge by 8-10% this year as predicted by several forecasting agencies. Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office under the Commerce Ministry, said that despite challenging global factors such as the coronavirus pandemic, there are supporting factors for exports during the rest of […]
Read MoreBrunei Darussalam’s economy is forecast to be strong and able to record a respectable growth rate this year despite the COVID-19 pandemic. This is supported by development in various industries and in the agriculture sector in the Sultanate which have shown positive growth over the past two to three years. This was highlighted by Minister […]
Read MoreThe government will reduce trade restrictions and red tape to facilitate the import and export process during the COVID-19 outbreak. Starting April 20, the customs department will reduce customs duties for businesses operating with the Myanmar Automated Cargo Clearance System (MACCS). Paperwork will also be streamlined, with an electronic version of Form D for preferential […]
Read MoreThe Hanoitimes – The trade ministry has decided to cut electricity tariffs for certain customers by 10% for the next three months to support economic activities amid the Covid-19 pandemic. State-run Vietnam Electricity (EVN)’s Standalone Credit Profile (SCP) of ‘BB’ has reasonable headroom to absorb the impact of the proposed reduction in electricity tariffs in the […]
Read MoreMANILA, Philippines — The Philippines is seen as an attractive market for global liquefied natural gas (LNG) suppliers in the next few years as it looks for alternatives to the depleting Malampaya deepwater gas-to-power project. In its latest commentary, Fitch Solutions Macro Research said that from a price standpoint, the next few years are likely […]
Read MoreSINGAPORE (BLOOMBERG) – Singapore will witness a deeper recession this year after the nation extended and tightened its partial lockdown, Citigroup warned, widening its forecast for an economic contraction. The city-state’s economy will contract by 8.5 per cent in 2020, down from an earlier estimate of a 6 per cent fall, economists Kit Wei Zheng and […]
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Thailand
