The economy could take at least two years to return to pre-coronavirus growth levels and this year’s nadir could be delayed in the event that a second-wave outbreak occurs, says Standard Chartered Bank Thai. GDP is expected to shrink by 13% year-on-year in the April-to-June quarter, widening drastically from a 1.8% contraction in the first […]
Read MoreBNI Syariah, the sharia subsidiary of state-owned Bank Negara Indonesia (BNI), reported a jump in its net profit during this year’s first quarter as it eyed opportunities to expand international banking services by banking on its parent company’s overseas branches. BNI Syariah net profit soared 58.1 percent year-on-year (yoy) to Rp 214 billion (US$14.46 million) […]
Read MoreThe National Bank of Cambodia’s (NBC) announcement yesterday that it plans to phase out the use of the $1, $2 and $5 banknotes by August 31, has confused the local community with many believing the notes are being “banned”. Khmer Times was told by market traders in Phnom Penh’s Kandal Market today that they did […]
Read MoreThailand may lose up to 14.4 million jobs in the second and third quarters, largely because of the coronavirus outbreak and widespread drought, says the government’s planning unit. Of the total, some 8.4 million workers are estimated to be at risk of job loss, 2.5 million of whom are in the tourism sector (excluding retail […]
Read MoreA committee evaluating the easing of lockdown measures has proposed extending the opening hours of shopping malls and shortening the curfew period next month, according to a source at Wednesday’s National Security Council (NSC) meeting. The next stage of the loosening of the coronavirus lockdown could happen if the kingdom continues to record low numbers […]
Read MoreBEIJING – China will soon relax its border controls for Singapore and several countries, allowing certain categories of people to travel to some cities. Chinese state media on Wednesday (May 27) reported that the Civil Aviation Administration of China (CAAC) will let domestic and foreign airlines apply for “green channels” for chartered flights to airports in the […]
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Thailand
