The new coronavirus (Covid-19) has already affected the Lao economy, despite no cases of the disease having been confirmed in the country, a senior government official has said. The sector affected the most is tourism, followed by investment and trade, said Acting President of the National Institute for Economic Research, Dr. Leeber Leebouapa, as quoted […]
Read MoreThe coronavirus (COVID-19) outbreak has affected the local hotel industry, resulting in a loss of revenue amounting to BND530,480.58 and about 4,174 room cancellations from December 14, 2019 to March 31, 2020. These statistics were shared by President of the Brunei Association of Hotels (BAH) Mohd Iswandi bin Maaruf, who added that the cancellations – […]
Read MoreMANILA, Philippines — Growth prospects remain for the Philippine e-commerce market despite its slower take-off compared to its Southeast Asian neighbors, a regional e-commerce aggregator said. “I haven’t cracked it yet, but in my idea, it’s the most overlooked market of Southeast Asia,” iPriceGroup CEO and co-founder David Chmelar said. He said a lot of […]
Read MoreAMONG Asian economies, Vietnam is the most vulnerable to China supply shocks while Singapore is the least, according to a Deutsche Bank research note on March 3. “This suggests that unless Vietnam can reduce its dependence on China for its intermediate goods, it should not be seen as an alternative to China, although that may […]
Read MoreKUALA LUMPUR: Following MALAYAN BANKING BHD’s (Maybank) footsteps, three other major banks have also revised their base rate and base lending rate downwards by 25 basis points, in line with the reduction in the overnight policy rate by Bank Negara. They are Public Bank, RHB Bank and Hong Leong Bank. Maybank was the first bank in […]
Read MoreThe Federal Reserve’s emergency rate cut will put pressure on the Bank of Thailand to follow in its footsteps, according to a senior official at the Fiscal Policy Office (FPO). “If the Bank of Thailand finds the economy would grow at a slower pace than expected, it could be a factor encouraging the Monetary Policy […]
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