The government’s plan to hand out payments of Bt3,000 to 15 million people will boost economic growth in the fourth quarter by an estimated 1-1.5 per cent, according to Thanavat Phonvichai, president of the University of the Thai Chamber of Commerce (UTCC). The government has yet to finalise details of the scheme, which is among […]
Read MoreA nationwide COVID-19 economic impact study has found that overall salaries across Cambodia have decreased by around 30 percent in just four months (between January and April this year) with entertainment and sex workers reporting an 85 percent decline in income. The study titled “The Effect of Covid-19 on Wage Workers” by Future Forum and […]
Read MoreMANILA, Philippines — Metro Manila and nearby provinces lost an estimated P1.5 trillion in sales for every month that these areas were on lockdown, according to the Department of Finance (DOF). Citing estimates from the National Economic and Development Authority (NEDA), Finance Secretary Carlos Dominguez said during the Sulong Pilipinas Forum on Tuesday that imposing […]
Read MoreNEARLY three in four Singapore organisations are accelerating their pace of digitalisation in response to the Covid-19 pandemic, according to a study on innovation by Microsoft Asia and IDC Asia/Pacific released on Thursday. The study surveyed 202 business decision makers and 219 workers in Singapore within a six-month period, before and since the pandemic. Those […]
Read MoreKUALA LUMPUR: Bank Negara Malaysia’s Monetary Policy Committee (MPC) decided to maintain the Overnight Policy Rate (OPR) at its historical low of 1.75%. In a statement issued on Thursday, it said the cumulative 125 basis points reduction in the OPR this year will continue to provide stimulus to the economy. “Given the outlook for growth […]
Read MoreThe Hanoitimes – Many listed banks witnessed weak performance of fee income growth in the first six months of the year due to the Covid-19 pandemic. Payment fees and card fees are expected to maintain growth momentum upon the promotion of non-cash payment, as banks are focusing on the retail segment and digital transformation, according to […]
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Thailand
