Some 37,000 small and medium enterprises (SMEs) have reported difficulties to the government, crying for help as government aid has yet to reach their bleeding operations, with some forced to close shop amid the pandemic. According to the Cooperatives and SME Ministry, most of the reports came from micro businesses, related to declining sales, funding, […]
Read MoreThe government has announced that they will not hold the 100 percent stake on the national flag carrier Cambodia Angkor Air, which is now facing turbulent times with the minority partner putting its stake for sale, including its five aircraft. The national flag carrier, Cambodia Angkor Airline is a joint venture with Vietnam Airline. Cambodia […]
Read MoreDespite myriad risks, SET-listed Thai President Foods (TFMAMA), the maker of Mama instant noodles, remains committed to spending about 700 million baht to expand the business this year. Pun Paniangvait, manager of the company’s President office, said the budget will be used to expand warehouses and install new instant noodle machines at the company’s factory […]
Read MoreThe latest labour force survey in Brunei Darussalam showed that the unemployment rate hit 8.7 per cent in 2018. Although this was down from 9.3 per cent in 2017, it was still the highest unemployment rate in Southeast Asia. This was highlighted recently by the Asia Development Bank (ADB), in its Asian Development Outlook (ADO) […]
Read MoreThe IMF downgraded the economic forecast for Thailand in 2020 to a contraction of 6.7%, making it the worst performer among its Asean peers if the multinational lender’s projection holds true. The revision is attributed to the economic toll of the coronavirus. Despite this, the IMF raised its estimate for Thailand’s economic growth to 6.1% […]
Read MoreIndonesia’s trade surplus and relatively resilient export figures in March may not be sustained in the near future and reflects a raw material supply disruption that threatens the growth of local manufacturing businesses, economists say. Even though Indonesia recorded a US$743 million trade surplus in March with a slight contraction in export and import growth, […]
Read More
Thailand
