SINGAPORE – Singapore’s retail sales snapped a 24-month-long year-on-year slide in February, thanks to Chinese New Year spending and the low base effect of pandemic-hit 2020. Retail sales grew by 5.2 per cent on a year-on-year basis, a reversal of the 6.1 per cent decline recorded in January. Excluding motor vehicles, retail sales increased 7.7 […]
Read MoreThe long-awaited reopening to foreign tourists is likely to take shape in July, led by Phuket as the pilot area for a tourism sandbox — the first initiative to remove mandatory quarantine from entry requirements. The Andaman beaches once bustling with foreigners have been left deserted for over a year, able to draw a limited […]
Read MoreWith ASEAN considering a digital vaccine certificate to revive tourism in the bloc, Cambodian business owners are hoping that it introduces special privileges for those inoculated. Azmin Ali, Malaysia’s minister of International Trade and Industry, said last month that economics ministers had “deliberated the possibility of introducing a common digital vaccine certificate”. In March, Thailand […]
Read MoreBANGKOK: Thai farmer Jamras Kongchai is struggling to pay off 500,000 baht ($16,082) in debt as money from the sale of her crops is not enough to make payments. Adding to the strain, the coronavirus outbreak has shut a small construction firm where she worked for $10 a day for much needed extra income. “I’m […]
Read MoreThe Indonesian government has focused on the recovery of micro-, small- and medium-scale enterprises (MSME) that significantly contributed to driving national economic growth, Coordinating Economic Affairs Minister Airlangga Hartarto has stated. Jakarta (VNA) – The Indonesian government has focused on the recovery of micro-, small- and medium-scale enterprises (MSME) that significantly contributed to driving national economic growth, Coordinating Economic […]
Read MoreThe International Monetary Fund (IMF) issued a report using macroeconomic frameworks to analyse the economic shock that COVID-19 has had on two countries: Cambodia and Colombia. The IMF team built a simulation model based on the Cambodian economy to project the short and medium-term impacts of the pandemic. Three assumptions were used to carry out […]
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Thailand
