The Hanoitimes – Government support is needed for the local leather and footwear sectors to realize the export target of $20 billion in 2021. Vietnam’s exports of leather and footwear products were estimated to decline by 10% year-on-year to US$16.5 billion in 2020, according to the Vietnam Leather, Footwear and Handbag Association (Lefaso). “The local leather […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) on Wednesday lowered its growth forecast to 1.5-3.5% this year, from 2.0-4.0% projected last month, saying the country’s new coronavirus outbreak, its most severe yet, will hamper an economic recovery. The downgrade is based on an assumption that the new epidemic is controlled within three […]
Read MoreThai tourists who made hotel bookings under the Rao Tiew Duay Kan (We Travel Together) co-payment scheme and cancelled or postponed their reservations due to concerns over Covid-19 will not lose their privileges under the campaign, according to the government. Deputy government spokeswoman Traisuree Taisaranakul said on Tuesday the government is holding talks with the […]
Read MoreThailand’s headline consumer price index (CPI) in December dropped a less than expected 0.27% from a year earlier, the commerce ministry said on Tuesday. That compared with the forecast for a 0.40% fall in a Reuters poll and followed November’s 0.41% decline. The core CPI index rose 0.19% from a year earlier, compared with a […]
Read MoreSINGAPORE (XINHUA) – Singapore’s Ministry of Trade and Industry announced yesterday based on advance estimates, the country’s gross domestic product (GDP) for the whole of 2020 fell by 5.8 per cent year on year, compared to the 0.7 per cent growth in 2019. For the fourth quarter of 2020, Singapore’s economy contracted by 3.8 per […]
Read MoreThe National Bank of Cambodia (NBC) said declines in personal income and savings in 2020 pose the primary risk for a potential increase in personal debt in the Kingdom in 2021, according to its Macroeconomic and Banking Sector Update 2020 report. Consumer loan balances, as of September 2020, stood at $9.11 billion, according to Credit […]
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