The Bank of Thailand swung back to a net profit of 365 billion baht for the first three months of this year, largely because the baht retreated against the greenback. “Even though the baht weakened 8.3% against the dollar in the period, the profit didn’t affect our ability to act,” the central bank said in […]
Read MoreSINGAPORE’S headline inflation was flat in March, narrowly avoiding the negative turn that the core inflation gauge had taken just the month before. The all-items consumer price index (CPI) was unchanged year on year, easing from the 0.3 per cent uptick in February, according to official data released on Thursday. This beat the median contraction […]
Read MoreKUALA LUMPUR, April 23 — The Malaysian Institute of Economic Research (MIER) cautioned policymakers today about the huge cost that the movement control order (MCO) has had on the economy, warning of a deepening recession should restrictions be extended. Any extension of the MCO after the second phase would cause a 2 per cent contraction […]
Read MoreAs a result of the effects of the Covid-19 pandemic, Laos’ Gross Domestic Product (GDP) is expected to rise by only 3.3 percent in 2020 – the lowest rate in three and a half decades, according to a new estimate. Tourism, manufacturing, and state revenue collection are all in decline, according to a report on […]
Read MoreMANILA, Philippines — Remittances to low and middle-income countries are expected to fall by 19.7 percent this year as migrant workers worldwide suffer layoffs and reduction in wages, the World Bank said yesterday. In a report titled “COVID-19 Crisis Through a Migration Lens,” the multilateral bank said remittance inflows to low and middle-income countries are […]
Read MoreThe Hanoitimes – A number of exporters have complained of a lack of transparency in customs declaration for rice export. At a recent government meeting on rice export in the context of Covid 19 pandemic, saltwater intrusion and drought, Deputy Prime Minister Trinh Dinh Dung said it is necessary to carefully consider rice exports to ensure […]
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