Thai central bank lowers economic outlook World

Thai central bank lowers economic outlook

The Bank of Thailand (BOT) has reduced its economic outlook to a contraction of 8.1 percent this year, deeper than the 1997 financial crisis, but kept the policy rate on hold at 0.5 percent, according to local media.
Firms in Singapore report worst performance since 2008 World

Firms in Singapore report worst performance since 2008

Enterprises in Singapore recorded their worst performance in the first quarter of 2020 since the global financial crisis of 2008 as the COVID-19 pandemic pushed the economy to stagnation, a recent business climate survey showed.
Thai economy shrinks at fastest pace in eight years World

Thai economy shrinks at fastest pace in eight years

Thailand’s economy contracted 1.8 percent in the January-March period from a year earlier, the sharpest fall in eight years in the first quarter, mainly due to the COVID-19 pandemic’s impact on tourism and domestic activity.
Philippines GDP falls for first time since 1998 World

Philippines GDP falls for first time since 1998

The Philippines’ GDP shrunk 0.2 percent in the first three months of 2020, recording the first contraction since the fourth quarter of 1998, announced the Philippine Statistics Authority (PSA) on May 7.
Cambodia’s GDP to see negative growth in 2020: IMF World

Cambodia’s GDP to see negative growth in 2020: IMF

The International Monetary Fund (IMF) has forecasted that Cambodia's Gross Domestic Product (GDP) will experience a negative growth of 1.7 percent in 2020 due to social distancing measures to contain the COVID-19 pandemic.
ASEAN+3 discuss cooperation in response to financial crises World

ASEAN+3 discuss cooperation in response to financial crises

Finance chiefs of the 10 ASEAN nations and Japan, China, and the Republic of Korea (ASEAN+3) met in Fiji on May 2 to discuss the enhancement of cooperation in times of financial crisis, including expanding the currency swap agreement between them.
Vinalines revived and setting sail  Business

Vinalines revived and setting sail

By restructuring its debt and fleet, and stepping up maritime transportation and seaport services, Vietnam National Shipping Lines (Vinalines) has set sail again after emerging from cho
Cambodia records noted socio-economic achievements World

Cambodia records noted socio-economic achievements

Over the past years, the maintenance of peace, political stability and security has created favourable conditions for Cambodia to continue obtaining new achievements in socio-economic development and in the improvement of the people’s living standards.
UNDP helps Vietnam build new growth model Society

UNDP helps Vietnam build new growth model

The VASS and the UN Development Programme jointly held a workshop in Hanoi on December 3 to give advice to the Vietnamese Government on the building of a new growth model.