Thailand is likely to welcome only 16 million foreign tourists in 2020, much lower than the pre-COVID-19 pandemic target of 40 million, according to the Tourism Authority of Thailand (TAT).
The AHA Centre, an intergovernmental organisation established by ten ASEAN member states with the aim of facilitating cooperation and coordination of disaster management in the region, handed over 75 houses to tsunami victims in Palu city of Indonesia’s Central Sulawesi province on April 16.
Cambodia exported 53.05 tonnes of rubber in the first quarter of 2020, a year-on-year increase of 10 percent, earning 75.34 million USD, according to the General Directorate of Rubber under the country's Ministry of Agriculture, Forestry and Fisheries.
The ASEAN Ministers on Agriculture and Forestry (AMAF) have issued a joint statement reaffirming commitment to ensure food security, food safety and nutrition in the region during the COVID-19 pandemic.
Cambodia’s aviation industry is almost completely decimated due to travel restrictions triggered by the COVID-19, with air passenger numbers dropping more than 90 percent as of April this year, the Khmer Times reported.
Indonesia has overtaken Japan to become the world's third-biggest aviation market as airlines continue to reduce passenger capacity because of the COVID-19 pandemic, according to OAG Aviation Worldwide.
The development of cooperation between ten member states of the Association of Southeast Asian Nations (ASEAN) and its partners - Japan, China, and the Republic of Korea (RoK) - is significant in coping with COVID-19, the Japanese Ministry of Foreign Affairs told Vietnam News Agency reporters on April 16.
The International Monetary Fund (IMF) projected that Indonesia’s economic growth will remain in positive territory this year, albeit ever so slightly, as the coronavirus pandemic puts the global economy at risk of its worst recession since the Great Depression of 1930.
The Philippine central bank on April 16 lowered its interest rates by 50 basis points to 2.75 percent, the lowest on record, to keep the economy afloat amid the COVID-19 pandemic.
A grim report on the world economy by the International Monetary Fund (IMF) announced on April 15 caused oil prices to continue to slide, with international prices hitting the lowest level since 2002 as planned output cuts were deemed insufficient to offset a COVID-19-fuelled slump in demand.
The International Monetary Fund (IMF) downgraded the economic forecast for Thailand in 2020 to a contraction of 6.7 percent, due to impact of the ravaging COVID-19 pandemic.