Indonesians are relatively more optimistic on the outlook of the economy and will spend more in the future as businesses are forced to adapt to changing consumer behavior to endure the economic effects of the pandemic, several surveys show. More than half of Indonesian respondents say they are optimistic that the economy will rebound within […]
Read MoreThailand plans to borrow 600 billion baht in the current fiscal year to September and 400 billion baht in the next fiscal year to finance measures to mitigate the coronavirus impact, a finance ministry official said on Wednesday. The government will borrow at least 80% from the domestic market via short and long-term debt issues […]
Read MoreThe government is looking to finalize next week Rp 35.3 trillion (US$2.26 billion) in new tax incentives for 18 sectors including those hardest-hit by the COVID-19 pandemic such as tourism and the food and beverage sector. It will also introduce new tax breaks for the healthcare sector. The government is currently formulating the regulation and […]
Read MoreMANILA, Philippines — Large stocks of oil are sitting idly in the country’s storage facilities with nowhere to go as nationwide and localized lockdowns crippled demand for fuel, triggering an unlikely problem in one of Southeast Asia’s top oil importers. While beneficial for the Philippine economy as a whole, an oil price slump is fanning […]
Read MoreState-owned Airports of Thailand Plc (AoT) said on Wednesday it expects the number of passengers passing through its airports to decline by 53% this year due to the outbreak of the new coronavirus. AoT expects the number of passengers to drop to 66.58 million and the number of flights to decline by 44.9% to 493,800 for […]
Read MoreThe Hanoitimes – The economy could expect a boom in private consumption in the post-pandemic period, ranging from tourism, shopping, catering services, to healthcare, said an expert. There is a high possibility that Vietnam could enjoy a V-shaped economic recovery in case the pandemic ends in the second quarter (Q2), given a combination of effective measures […]
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Thailand
