Thailand’s inflation rate may be as low as -1% this year as the escalating spread of Covid-19 has weakened overall domestic demand. Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, the planning unit of the Commerce Ministry, said a -1% inflation rate would be Thailand’s lowest ever. The inflation rate was -0.9% in […]
Read MoreMANILA, Philippines — Local manufacturing bounced back in February, but the recovery could prove to be short-lived as the lockdown of Luzon, which just got extended, forced businesses to close shops, including factories. The volume of production index— a measure of factory output— rose 3% in February, up from a 5.2% drop the month before […]
Read MoreAs the coronavirus pandemic penetrates more deeply into global supply chains, prices for key staples are starting to soar in some parts of the world. Rice and wheat – crops that account for about a third of the world’s calories – have been making rapid climbs in spot and futures markets. For countries that rely […]
Read MoreLast year, the lead indicator of passenger arrivals by air saw Phnom Penh exceed 2 million, surging past Siem Reap for the first time in a decade. Research by hospitality consulting group C9 Hotelworks has also captured data showing a steady sustained growth trajectory, as passenger arrivals recorded double-digit growth rates from 2012 through 2018, […]
Read MoreThe cabinet on Tuesday approved 1.9-trillion-baht spending to help people and businesses affected by the coronavirus disease 2019 (Covid-19), including 600 billion baht for six-month cash giveaways and 500-billion-baht soft loans for small and medium-sized businesses. The package, the third phase of the stimulus programme to shore up the economy, will be backed by three […]
Read MoreCambodian Public Bank is responding to the Coronavirus crisis by taking pro-active action to provide help to its customers in distress by restructuring and rescheduling their loans to eligible individual and business customers. Among the concessions given are offering a loan repayment postponement, allowing loan interest only to be paid and extending the loan tenure […]
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Thailand
