Thailand is being urged to accelerate construction of infrastructure projects while the pandemic stunts other economic drivers to attract foreign investors once the pandemic ends. Rangsin Kritalug, chief operating officer of SET-listed skytrain operator BTS Group Holdings, said foreign investors will have more confidence in the country and are more likely to return if they […]
Read MoreThe government is encouraging the middle-income segment to spend more through online shopping platforms to help improve spending amid the economic downturn resulting from the COVID-19 pandemic. National economic recovery committee head Budi Gunadi Sadikin called on middle-income families to shop on their e-commerce platform of choice to help ensure a stable economy. “To friends […]
Read MoreCross-border trade, including transit trade, fell by 7.42% year-on-year in the first eight months, mainly attributed to the impact of the pandemic and a slowing economy. The Commerce Ministry’s Foreign Trade Department reported on Wednesday overall border trade, including transit trade, totalled 853 billion baht, with Malaysia the biggest partner by value. Transit trade involves the […]
Read MoreMANILA, Philippines — The Philippines is on its way to a stronger recovery as gross domestic product (GDP) is now seen to grow by 7.8 percent next year instead of the original projection of a 5.2 percent expansion, a unit of credit rating firm Moody’s said. Steven Cochrane, chief economist for Asia-Pacific at Moody’s Analytics, […]
Read MoreSTARTING November this year, cruises with enhanced safety protocols will be piloted for two cruise lines that are homeported in Singapore. The Singapore Tourism Board (STB) is also developing a mandatory certification programme – CruiseSafe – that sets out stringent hygiene and safety measures throughout the passenger journey, from before boarding to after disembarkation. The […]
Read MoreIndonesia’s foreign exchange (forex) reserves dropped by US$1.8 billion in September to $135.2 billion, mainly due to the government’s foreign debt payments and the central bank’s efforts to stabilize the rupiah, Bank Indonesia (BI) announced on Wednesday. The current reserves level is estimated to be sufficient to support 9.1 months of imports and payment of […]
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