BANGKOK (BLOOMBERG) – Thailand’s exports dropped 22.5 per cent in May from a year earlier, the biggest decline since 2009, underlining the toll the coronavirus pandemic is taking on the nation’s trade-reliant economy. May’s plunge in shipments exceeded all but one of the 16 projections in a Bloomberg survey, whose median estimate was for a decline of […]
Read MoreThe Hanoitimes – The funds will also be directed towards activities to enable economic recovery, including accelerating the execution of the investment program while deepening trade integration. The World Bank Group and the Australian government have agreed to extend their strategic partnership in Vietnam with a commitment of an additional AUD5 million (US$3.45 million) to support […]
Read MoreGoogle Cloud announced the opening of its new Jakarta region on Wednesday, bringing services closer to its Indonesian and Southeast Asian consumers. The company’s Indonesia country director, Megawaty Khie, said the Jakarta region would allow businesses to comply with national regulations and ease recovery options for consumers. “We chose Jakarta as the next region because Indonesia has […]
Read MoreThe Designated Areas for Sustainable Tourism Administration (Dasta) aims to push community-based tour packages subsidised by the government for the 1.2 million health volunteers that assisted in fighting the pandemic. The “Moral Support” tourism campaign will provide a 2,000-baht subsidy for two-day, one-night holidays to volunteers as thanks for their hard work in stopping the […]
Read MoreCambodia and its Asean member states are working together to restore the tourism industry in the region in the context of the pandemic spread, according to the Ministry of Tourism. Thong Rathasak, the Ministry of Tourism’s director-general, who joined an Asean tourism committee meeting via video conference from June 15-23 said that the 10-nation Asean […]
Read MoreThe Bank of Thailand has reduced its economic outlook to a contraction of 8.1% this year, deeper than the 1997 financial crisis, but kept the policy rate on hold at 0.50%. The latest economic forecast for 2020 is worse than the record contraction of 7.6% for the Tom Yum Kung crisis, said Don Nakornthab, senior […]
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