KUALA LUMPUR: Prolonged lockdowns and social distancing measures are forecast to cap global gross domestic product (GDP) growth this year, making it unlikely that a return to pre-Covid-19 economic growth and trade activity to take place before late 2021. In South-East Asia, growth would likely be constrained by social distancing measures but restrictions would continue […]
Read MoreWith uncertainties and downside risks remaining, the Bank of Thailand has slashed the country’s GDP growth outlook for next year by 0.4 percentage points, attributed chiefly to an anticipated delay in tourism recovery. GDP growth was lowered to 3.2% from 3.6% projected previously as the impact of a prolonged outbreak abroad and a new outbreak […]
Read MoreResidential real estate prices in the country slipped by 0.4 percent year-on-year in July to September, while it contracted 14.1-percent quarter-on-quarter, data from Bangko Sentral ng Pilipinas (BSP) showed. BSP on Wednesday said the negative year-on-year growth of the Residential Real Estate Price Index (RREPI) in the third quarter is its first since beginning the […]
Read MoreThe Hanoitimes – The banking system has been providing support for 590,000 customers, mainly in forms of debt restructuring or freezing and waiving debt payment with outstanding loans worth over VND1,000 trillion (US$43.31 billion). Vietnam’s credit growth as of December 21 is estimated at 10.14% against the end of last year and up 11.62% year-on-year. Vice […]
Read MorePETALING JAYA: With the rally in crude palm oil (CPO) prices owing to stronger global demand and lower production, the world’s two largest palm oil exporting countries, Indonesia and Malaysia, are taking advantage of the higher prices through increased taxes on the commodity. In just weeks after Indonesia raised its taxes on CPO exports, Malaysia […]
Read MoreThere is little hope of attracting international arrivals during the first quarter of next year as the coronavirus pandemic continues to spread in Thailand, Tourism and Sports Minister Phiphat Ratchakitprakarn says. Mr Phiphat said on Wednesday there is no need for the country to tighten travel restrictions on foreign passengers from the UK or other […]
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Thailand
