The Kingdom’s foreign exchange reserves are expected to decline by more than 10 percent this year given the country’s poor key foreign exchange earning sectors, with tourism and exports being hit hard by the virus outbreak, according to the World Bank. The bank said strong foreign direct investments (FDIs) inflows and the injection of local […]
Read MoreThe Consumer Price Index (CPI) in April 2020 increased by 1.9 per cent year-on-year compared to April 2019. Prices of Food and Non-Alcoholic Beverages and Non-Food increased by three per cent and 1.7 per cent respectively. According to the Department of Economic Planning and Statistics (DEPS) under the Ministry of Finance and Economy, the CPI […]
Read More[SINGAPORE] Resale prices for non-landed private homes held steady in May despite another plunge in sales volume during the second month of the circuit breaker period, according to flash figures from real estate portal SRX Property on Tuesday. About 171 units were resold in May, similar to levels seen during the financial crisis of 2009. […]
Read MoreSLRT, the operator of Sizzler in Thailand, is seeing business recover faster than expected after reopening on May 17. Nongchanok Stananonth, the company’s assistant vice-president, said 60-70% of customers have come back, one month ahead of projections. “I am surprised customers prefer to order from the regular menu over our special promotions, with higher spending […]
Read MoreThe Asian Development Bank has renewed the push for Cambodia and the Asian region to refocus its efforts away from the current “Ocean Economy” and towards a new, more sustainable “Blue Economy”, as yesterday marked World Oceans Day. The “Blue Economy” is defined as the sustainable use of ocean resources for economic growth, improved livelihoods […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) hopes Congress will come up with a downscaled economic stimulus bill in response to the coronavirus pandemic, as it warned that the pending pieces of legislation are “fiscally unsustainable.” “Multiple stimulus bills filed by the legislators from both Houses include a slew of additional provisions that make the proposals […]
Read More
Thailand
