Factory activity in Indonesia fell to its lowest level ever in the second quarter as the coronavirus pandemic caused a slump in demand and disrupted supply chains, a survey published by Bank Indonesia (BI) showed. BI’s Prompt Manufacturing Index (PMI-BI) was recorded at 28.55 percent, its deepest ever contraction, compared with 45.64 percent in the […]
Read MoreIf the country does not let foreign tourists in by the end of the year, some 60% of hospitality enterprises are at risk of going out of business, according to the Tourism and Sports Ministry. “People will be safe from the virus as borders remain closed, but wounds from the economic fallout might be deeper and […]
Read MoreMANILA, Philippines (Corrected 10:07 p.m.) — Foreign investment pledges approved by the Board of Investments (BoI) sank by more than 70% in the first half as investors abroad hold off expansion plans amid the onslaught of the coronavirus pandemic. Data from the Department of Trade and Industry (DTI) released Monday showed BOI-approved pledges by foreign businessmen sagged 73% […]
Read MoreDespite a five-year high in first-half consumer price index, Vietnam is expected to bring inflation under control this year due to feeble demand for production and consumption, as well as shrunken demand in global markets. Dang Duc Anh, vice director of the National Centre for Socio-Economic Information and Forecast (NCIF), told VIR that though the […]
Read MoreThe overall Consumer Price Index (CPI) in May 2020 has increased by 2.5 per cent year-on-year from 98.4 in May 2019 to 100.9 this year. More details in Sunday’s Borneo Bulletin. Source: https://digital.borneobulletin.com.bn/
Read MoreVietnam’s new immigration law includes a new type of visa for foreigners who come to Vietnam to conduct activities as part of international agreements Vietnam has signed. The change is expected to facilitate the implementation of new agreements that Vietnam has signed such as the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection […]
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Thailand
