Local tourism and visa-dispensing businesses are dealing with the domino effect of the COVID-19 pandemic. While the months of April and May are usually the time when the summer travel season begins – a peak earning time for the hospitality and tourism industry – “stay at home” orders issued by governments around the world to […]
Read MoreMANILA, Philippines — The country enjoyed a surplus of $839 million in its balance of payments (BOP) position in February, 78 percent higher than the $467 million recorded in the same month last year as more dollars flowed into the country, according to the Bangko Sentral ng Pilipinas (BSP). The BOP surplus in February reflected […]
Read MoreThe State Logistics Agency (Bulog), a governmental body responsible for securing the staple food supply, plans to ask for an additional Rp 10 trillion (US$637 million) from the government to buy rice from farmers to augment rice stocks. The agency’s director of operations and public service, Tri Wahyudi Saleh, said in Jakarta on Wednesday that the […]
Read MoreThe Commerce Ministry is scheduled to meet manufacturers, modern trade operators and department stores on Thursday to ask for cooperation on lowering prices of essential goods for consumers, with a focus on food and daily use products to reduce the cost of living for people hurt by the pandemic. Local diesel prices, which is a […]
Read More[KUALA LUMPUR] Malaysia aims to delay the nationwide implementation of plans to increase the use of palm oil in biodiesel, according to the Malaysian Biodiesel Association, as the country imposes restrictions on movement to contain the coronavirus outbreak. The world’s second-largest producer of palm oil, Malaysia has one of the highest numbers of infections of […]
Read MoreWASHINGTON – The International Monetary Fund (IMF) on Wednesday (April 15) revised down the growth rate in 2020 of the Asean-5 countries – Indonesia, Malaysia, Philippines, Vietnam and Thailand – to minus 1.3 per cent. “Large Asean countries have introduced public health measures including lockdowns, and there are negative economic impacts from reduced tourism, disrupted […]
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Thailand
