Indonesia’s economy may enter a recession and experience a much longer recovery than other countries in Southeast Asia if the government’s management of the COVID-19 pandemic remains “slow” and “amateurish”, economists have warned. A recession happens when a country sees its gross domestic product (GDP) decline for two consecutive quarters in conjunction with other monthly indicators, […]
Read MoreThe Eastern Economic Corridor (EEC) Office is set to revise its investment target and strategy for this year as the coronavirus pandemic ravages overall investment sentiment. Kanit Sangsubhan, secretary-general of the EEC Office, said the EEC has been keeping a close watch on investment but it remains difficult to predict because nobody knows how long […]
Read MoreThe Cambodia Logistics Association (CLA) has voiced concern over the quality of the logistics and transport sector stemming from the COVID-19 pandemic and has said that a few logistics companies are now bankrupt. Sin Chanthy, president of CLA told Khmer Times that the outbreak of COVID-19 has affected all sorts of businesses; especially logistics and transportation globally […]
Read MoreDaw Aung San Suu Kyi’s government is under pressure to scale up its existing stimulus package to mitigate the economic fallout of the COVID-19 outbreak. “The emergency fund is merely a drop in the ocean,” said U Win Shein, director of Yangon-based Capital Legal Counsel, referring to the K100 billion (US$72 million) COVID-19 fund. The […]
Read MoreThe COVID-19 pandemic has swept across the world fast and furiously like a tsunami. Many countries are drowning in cases and most are in some form of lockdown, many are struggling to catch a breath, while a handful are managing to stay afloat. Whichever situation a country finds itself in, there are complex factors at […]
Read MoreThe Commerce Ministry is set to host its first online trade show — Multimedia Online Virtual Exhibition (Move) — along with a business matching platform for digital content entrepreneurs in late May, expecting sales worth 1 billion baht. Somdet Susomboon, director-general of the International Trade Promotion Department, said that because the pandemic remains rampant and […]
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Thailand
