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Indonesia’s economy may shrink 3.5% if PSBB last for 4 months: World Bank

Indonesia’s economy may shrink 3.5 percent this year should the large-scale social restrictions (PSBB) imposed by several regional administrations nationwide last for four months, according to a worst-case projection by the World Bank, as the government rushes to reopen the virus-battered economy. Under its baseline scenario, however, Indonesia’s economy is expected to grow zero percent […]

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Low credibility hinders development of e-commerce in Vietnam

The Hanoitimes – Up to 90% of online shoppers in Vietnam still prefer cash payment over online transactions, mainly due to security concern and a preference to check product quality before paying. While e-commerce has become an indispensable part of enterprises’ operation since the Covid-19 outbreak, the lack of trust from customers, among other issues, is […]

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Philippines: BOP surplus narrows in March

MANILA, Philippines — The country’s balance of payments (BOP) surplus narrowed by 28.5 percent to $448 million in March from $627 million in the same period last year amid the sharp drop in foreign portfolio investments as investors cashed in on their holdings amid the coronavirus disease 2019 or COVID-19 pandemic, according to the Bangko […]

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Thailand: K-Research glum on recovery outlook

The country’s main industries and economic growth are expected to take longer than one year to return to pre-pandemic levels, while an unemployment spike is the greatest concern, says Kasikorn Research Center (K-Research). Tourism, automotive and property development are the three industries expected to take a longer time than other sectors to bounce back to […]

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