From 1990 to 2019, the number of people living in extreme poverty (according to the World Bank threshold of US$1.90 per day) plummeted, from 1.9 billion to 648 million. But Covid-19 has reversed much of this progress. By the end of 2021, the pandemic will have pushed approximately 150 million people back into extreme poverty. […]
Read MoreThe baht opened at 33.42 to the US dollar on Monday, weakening from last week’s closing rate of 33.38. It was the lowest the baht had slid to in almost three years. The Thai currency was likely to move between 33.40 and 33.55 during the day and between 33.20 and 33.70 this week, Krungthai Bank […]
Read MoreConsumer and business sentiment continued to plunge in July based on rising Covid-19 infections and deaths, as well as a poor economic outlook. The University of the Thai Chamber of Commerce (UTCC) reported on Thursday the consumer confidence index fell to 40.9 in July from 43.1 in June, 44.7 in May, 46 in April, 48.5 in […]
Read MoreJAKARTA (AFP) – Indonesia’s economy bounced back in the second quarter to post its first growth in more than a year, but analysts warned the recovery might be short-lived as Covid-19 surges. Southeast Asia’s largest economy grew by 7.07 per cent in the April-to-June quarter compared with the same period last year, the Central Statistics […]
Read MoreRetail systems and businesses producing essential goods, despite difficulties in transporting goods and a labor shortage, are striving to maintain operations and stabilize selling prices to meet consumer demand. Currently, the supply of essential goods in Ho Chi Minh City, Hanoi and some southern provinces is very tense due to the impact of the Covid-19 […]
Read MoreBrunei Darussalam’s economic growth outlook remains robust, but uncertainty looms. Despite a contraction in first quarter (Q1), the Brunei economy is still projected to grow modestly in 2021, reflecting broad-based growth across sectors as external demand and domestic activity strengthen. This was highlighted in the Brunei Economic Update published by the Centre for Strategic and Policy Studies […]
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