Thailand’s economy is expected to take two years to fully recuperate, assuming there is widespread administration of a coronavirus vaccine, says the Bank of Thailand’s chief. “The intermittent outbreaks are also accounted for under the central bank’s predictions,” said governor Veerathai Santiprabhob. “New infections of 20-30 cases per day are manageable under the country’s public […]
Read MoreU Maung Maung Win, Deputy Minister of the Ministry of Planning, Finance, and Industry, forecasted that the country’s GDP growth in the 2020-21 Fiscal Year targeting to reach K125.803 trillion. There are multi-sectoral collaborations going on to stabilize the price, strengthen local currency, and minimize inflation, he said during the Parliament session on July 13. […]
Read MoreThe National Bank of Cambodia (NBC) said the Kingdom’s economic growth stagnated in the first half of the year due to the impact of the COVID-19 pandemic and forecast that the country’s GDP would contract 1.9 percent this year. NBC governor Chea Chanto said key pillars of Cambodia’s economy such as tourism and manufacturing were […]
Read MoreMANILA, Philippines — Layoffs have persisted more than a month since the government relaxed lockdowns and permitted businesses to reopen, demonstrating the uphill challenge for an economic recovery from the pandemic. In the latest labor department report, permanently displaced employees in the formal sector, or those in registered businesses, hit 121,921 from 501 establishments as […]
Read MoreThe Hanoitimes – The retailer intends to expand presence to 55 of Vietnam’s 63 provinces and nationally run cities, up from the current 39. Thailand’s Central Retail plans a larger presence in Vietnam, looking to reach nearly 90% of the country’s provinces in the next five years, as the company aims to reduce dependence on its home market, Nikkei […]
Read MoreThe Labour Ministry has resumed services nationwide by adopting social-distancing measures in order to complete the legalisation process for migrant labourers who registered online by March 30. Employment Department chief, Suchart Pornchaiwisetkul, said foreign workers from Myanmar, Cambodia and Laos who registered online by March 30 must complete the remaining work permit renewal steps. They […]
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