Thailand’s economic activity may not return to levels seen before the Covid-19 pandemic until 2022, but the country’s record-low policy interest rate of 0.50% is unlikely to go to zero percent, the central bank said on Tuesday. The Bank of Thailand (BoT) has forecast the trade-and-tourism driven economy will shrink by a record 8.1% this […]
Read MoreThe Bank of the Lao PDR has drafted a new administrative regulation intended to regulate currency exchange businesses following the depreciation of the Lao kip against foreign currencies. The Bank of the Lao PDR (BOL) made a commitment at the latest National Assembly session to try to maintain the value of the Lao kip against major international […]
Read MoreAs the pandemic brings opportunities to the e-commerce sector, the local logistics industry also has a chance to grow. According to a study by Jones Lang Lasalle Vietnam Co, Ltd (JLL), traditional brick-and-mortar retail outlets have suffered as countries implement stay-at-home and social distancing policies “Certainly, the dependence on e-commerce will explode and will change […]
Read MoreThe total trade between Myanmar and foreign countries reached over 28.3 billion U.S. dollars in ten months of present fiscal year (FY) 2019-2020, according to figures released by the Commerce Ministry Xinhua reported. From Oct. 1, 2019 to July 3, Myanmar earned over 13.2 billion U.S. dollars while its import shared over 15 billion U.S. […]
Read MoreKUALA LUMPUR: Malaysia’s unemployment rate increased further to 5.3% in May to record 826,1000 unemployed persons, the Department of Statistics Malaysia (DOSM) reported on Tuesday. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the unemployment rate had increased as the number of unemployed went up by 47,300. “However, the monthly change of unemployed persons […]
Read MoreSINGAPORE’S gross domestic product (GDP) plummeted 12.6 per cent year on year in the second quarter, bringing the country into full-blown recession, as Covid-19 “circuit-breaker” measures hit hard and external demand stayed weak amid the global downturn, according to Ministry of Trade and Industry (MTI) advance estimates on Tuesday. The second-quarter figure was worse than […]
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