Online food delivery has seen at least a 30-40% surge in orders following the fresh pandemic wave compared with the normal period, particularly from strictly controlled provinces, according to the segment’s players. Meanwhile, industry newcomer Robinhood, brainchild of Siam Commercial Bank (SCB), is seen to be weighing on the market, currently dominated by foreign players, […]
Read MoreThailand’s GDP growth this year could drop below the 3.2% baseline projection from plausible lower inbound arrivals amid uncertainties over vaccine efficacy and reduced fiscal stimulus, says the Monetary Policy Committee’s (MPC) latest edited minutes. The country has been grappling with higher infections since the start of 2021, with stringent restrictions imposed in five provinces […]
Read MoreThe consumer price index (CPI), a gauge of headline inflation, is expected to remain in negative territory in the first quarter this year, rebounding to positive from April with availability of a Covid-19 vaccine anticipated. Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, said the Commerce Ministry expects headline inflation to contract by […]
Read MoreTHE global macroeconomic landscape has grown increasingly complex since the Asean+3 group – which includes 10 members of the Association of South-east Asian Nations plus China (including Hong Kong), Japan and South Korea – introduced the Chiang Mai Initiative Multilateralisation (CMIM), the bloc’s multicurrency swap arrangement, eight years ago. Moreover, since the 1997-98 Asian financial […]
Read More[JAKARTA] Indonesia’s fiscal deficit in 2020 is seen at 6.09 per cent of gross domestic product (GDP) based on unaudited state budget realisation, the country’s finance minister said on Wednesday, as the coronavirus pandemic hit revenues. The 2020 deficit expanded from 2.2 per cent of GDP in 2019 but was better than the government’s estimate […]
Read MoreThe Hanoitimes – In 2021, Vietnam is set to benefit from a tech-led recovery, consistent FDI inflows and numerous trade agreements. While Vietnam had the highest growth rate in Asia in 2020 at 2.91%, the country is likely to be among the top in the region again for this year with an estimated GDP growth of […]
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