Thai economy worst-hit by COVID-19 in ASEAN+3: AMRO World

Thai economy worst-hit by COVID-19 in ASEAN+3: AMRO

Thailand's economic growth is likely to fall 7.8 percent, the biggest projected drop in the region, due to the impacts of COVID-19 on the tourism and service sectors, according to the ASEAN+3 Macroeconomic Research Office (AMRO).
Thailand prepares to assume APEC Chair 2022 World

Thailand prepares to assume APEC Chair 2022

Thailand has hosted the first Asia-Pacific Economic Cooperation (APEC) Focus Group (AFG) meeting as the country prepares to assume the APEC Chair in 2022, the Bangkok Post reported on July 22.
H1 State budget revenue lowest in seven years Business

H1 State budget revenue lowest in seven years

State budget revenue in the first half of 2020 was down 10.5 percent against a year earlier and equal to just 44.2 percent of the annual estimate; the lowest since 2013, Minister of Finance Dinh Tien Dung told a conference in Hanoi on July 7.
Philippine economy predicted to face recession World

Philippine economy predicted to face recession

The Philippines’ gross domestic product (GDP) will likely shrink by 5.7-6.7 percent in the second quarter of 2020, much higher than the 0.2 percent contraction in the first quarter, according to Governor of the Bangko Sentral ng Pilipnas (BSP) Benjamin Diokno.