Cambodia’s airline industry continues to be severely impacted by the COVID-19 pandemic, as the number of passengers flying in and out of the Kingdom’s three international airports drops by 96 percent on a daily average basis. Of those passengers that continue to enter the country, the majority are from Chinese cities and South Korea, as […]
Read MoreThe government will subsidize and ease loan interest payments for micro, small and medium enterprises (MSMEs), the backbone of the Indonesian economy, as they struggle to stay afloat amid the COVID-19 pandemic. The subsidies will cover loan interest ranging from 2 to 6 percent for up to six months for millions of borrowers in the […]
Read MoreTHE Rizal Commercial Banking Corp. (RCBC) further trimmed its growth estimate for the Philippine economy this year to between -1.5 and 0.5 percent after taking into account the impact of the Luzon-wide enhanced community quarantine (ECQ) on the country’s economic activities. The forecast is a downgrade from the Yuchengco-led lender’s previous gross domestic product (GDP) […]
Read MoreThe COVID-19 pandemic is putting severe growth pressure on the economies of Cambodia, Laos, Myanmar and Vietnam (CLMV) and may cause the region’s growth to slip to a historical low, according to a Maybank Kim Eng report. CLMV’s GDP growth is forecast to slow sharply to 3 percent in 2020, down from 6.9 percent in […]
Read MoreKUALA LUMPUR, April 30 — Exports of palm oil products had declined significantly by 34.8 per cent year-on-year (y-o-y) or 793,257 tonnes to 1.48 million tonnes during the movement control order (MCO) period up to April 14, 2020, from 2.28 tonnes recorded in the same period last year. Crude palm oil (CPO) and processed palm oil exports fell […]
Read MoreSINGAPORE – Manufacturing and services firms are negative on business prospects for the next six months, amid the Covid-19 pandemic which has cast a pall over the global economy. Their bleak sentiments were noted in two surveys released by the Economic Development Board (EDB) for the manufacturing sector and the Department of Statistics (Singstat) for […]
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Thailand
