The State Bank of Vietnam (SBV) on September 30 announced its decision to lower the benchmark interest rate as part of efforts to support the national economy amid difficulties posed by the COVID-19 pandemic. From October 1, the refinancing interest rate will be cut to 4 percent per annum from 4.5 percent, while the rediscount […]
Read MoreThailand’s manufacturing production index (MPI) in August rose for the fourth consecutive month, increasing by 4.8% from July to 91.43 points. The increase, which was mainly driven by high demand for fertilisers, home appliances and canned food as well as furniture exports, follows a prediction by Industry Minister Suriya Jungrungreangkit, who earlier said Thai industry […]
Read MoreKUALA LUMPUR: Malaysia’s Producer Price Index (PPI) for local production slipped 2.8 per cent year-on-year (y-o-y) in August 2020 to 101.7 compared with 104.6 in the same month last year. In a statement, the Department of Statistics Malaysia’s (DOSM) chief statistician Datuk Seri Dr Mohd Uzir Mahidin attributed the decrease in the overall index to […]
Read MoreSINGAPORE, Oct 1 — From next Thursday (October 8), visitors to Singapore from Australia (excluding Victoria State) and Vietnam will no longer need to serve a stay-home notice if they test negative for Covid-19 upon their arrival. The Civil Aviation Authority of Singapore (CAAS) said on Wednesday that it is further easing entry restrictions on visitors […]
Read MoreThailand’s economy is expected to return to growth in the second quarter next year, supported by government stimulus measures and a low-base effect. The outlook assumes that government stimulus measures encourage public spending and the special tourist visa (STV) scheme propels recovery momentum and improves domestic consumption, said Don Nakornthab, senior director of the central […]
Read MoreThe government has extended support measures to aid the garment and textile industry, tourism and aviation sectors until the end of the year, according to a statement released yesterday. This is the sixth round of measures in which the government has handed support to the private sector, which has been severely affected by the COVID-19 […]
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