Public debt is on the rise for Laos after a drop in revenue collection and an increase in loans amid the Covid-19 pandemic. According to a report in Xinhua, one government official has said that Laos’ public debt could rise to as much as 65 to 68 percent of GDP in 2020 following a steep decline […]
Read MoreBrunei Darussalam’s gross domestic product (GDP) is expected to grow at 1.6 per cent in 2020, according to a forecast by a macroeconomic surveillance organisation, Asean+3 Macroeconomic Research Office (AMRO). The only countries with expected positive growth are Brunei, Vietnam (3.1 per cent), China (2.3 per cent), Myanmar (1.1 per cent), and Laos (0.5 per […]
Read MoreFired up by the pandemic, the battle between online food ordering platforms is intensifying as operators seek more capital, expand services in provinces and gear up for cloud kitchen investment to stay afloat in the contentious market. Kasikorn Research Center (K-Research) says the winners in the segment could be seen in three years. Last year, […]
Read MoreThe first-ever ASEAN Online Sale Day (AOSD) was launched on Saturday at aseanonlinesaleday.com, gathering some 150 regional firms who offer goods and services at promotional prices. Initiated by Vietnam as Chair of ASEAN in 2020, the event marks the founding anniversary of the bloc (August 8) and aims to promote cross-border e-commerce within the grouping, […]
Read MoreMANILA, Philippines — Despite fresh data showing the economy sank into recession last quarter, there is no pressure on the Bangko Sentral ng Pilpinas (BSP) to further deploy monetary stimulus to assist on recovery from the pandemic. Ahead of the central bank’s policy meeting on Aug. 20, BSP Governor Benjamin Diokno signaled monetary authorities are […]
Read MoreJapan-backed Patimban Port in Subang, West Java is now scheduled for partial operation in November, while its first development phase will reach completion by October despite previous delays, Transportation Minister Budi Karya Sumadi has stated. The port is located about 70 kilometers from the Karawang industrial estate in West Java, where many Japanese companies have […]
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Thailand
