The Thai economy would shrink by 5% this year in the World Bank’s worst-case scenario, with the coronavirus outbreak compounding existing problems like drought, stagnant wage growth, rising unemployment and growing poverty. If the global lender’s forecast holds true, the contraction will be similar to the 5.3% decline projected by the Bank of Thailand and […]
Read More-Many apartment and accommodation owners in the capital are lowering room rental prices for resident workers during the COVID-19 outbreak. The government-ordered temporary closure of factory operations, entertainment venues, restaurants, and many non-essential business activities from April 1-19 will affect the incomes and financial status of many workers from across Laos and beyond. Apartment owner […]
Read MoreThe Hanoitimes – If the pandemic is contained within the first half of 2020, Vietnam’s growth should rebound to 6.8% in 2021 and remain strong over the medium and long-term, according to ADB. Vietnam’s economic growth rate is expected to slow sharply in 2020, to 4.8%, but remains among Asia’s fastest growing economies, the Asian Development […]
Read MoreA trip by the Bulletin to vegetable markets/stalls showed that aside from bananas, there is sufficient supply of vegetables/fruits in the country, and that it is business as usual for operators – despite the COVID-19 outbreak. Vegetable entrepreneur Haji Puasa bin Haji Barudin, 65, said the virus outbreak has not negatively impacted the sale of vegetables, rather […]
Read MoreDEPUTY Prime Minister Heng Swee Keat will announce additional support for households and businesses on April 6 in Parliament. These will be over and above what was provided in the two earlier Budgets, Prime Minister Lee Hsien Loong said on Friday. “We will also legislate to require landlords to pass on property tax rebates fully […]
Read MoreMANILA, Philippines — The Asian Development Bank (ADB) significantly slashed its growth projections for the Philippines and rest of the region this year, the latest institution to turn sour on the economy as preoccupied governments shift resources to containing the global coronavirus disease-2019 (COVID-19) pandemic. In its latest Asian Development Outlook report released Friday, the […]
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Thailand
