MANILA – As the government tries to recover the ailing economy, The president may have to choose to extend for another two weeks the general community quarantine (GCQ) or further eased the quarantine to modified enhanced community quarantine (MECQ) in Metro Manila and several areas. Reviving the economy will provide the government to revenues it needed to fund the projects …

Growth in the Asean bloc is expected to bounce back to an average of 8% in 2021 through the Chinese import demand and global trade, a Oxford Economics and commissioned by the Institute of Chartered Accountants in England and Wales (ICAEW) report suggested on Monday. Asean has into recession in the first part of 2020 before recording a 1.9 per …

Global demand for essentials items such as medicine and food has kept the Southeast Asian trade afloats as the region fight the novel coronavirus pandemic and its effects on slowing down the economies around the world. Singapore’s exports, driven by pharmaceuticals, surged to 170%. Japan’s also grew record numbers. Food exports rose 66% overall, increasing almost 10-fold. Exports to the …

Stocks rallied Friday on the Stock Exchange of Thailand (SET) as ample global financial liquidity moved into equities to chase higher yields. Amid hopes of an economic recovery and further loosening of lockdown measures. The SET index rose by 36.83 points or 2.7% to close at 1,411.01 points in turnover worth 122.7 billion baht. Shares in the banking sector and …

The Asean-Business Advisory Council (Asean-BAC) and Asean Economic Ministers (AEMs) met in a special session this week to discuss the Outline for Asean Action (OAA that emphasised both the immediate term challenges and the economic recovery process. Asean-BAC has renewed its call for the establishment of a Special Commission so that the Asean nation can be safer and would allow …

Thailand’s central Bank has said it’s concerned about a recent rapid appreciation of the Thai Baht and it’s ready to take steps to curb its climb. The rise of the Baht could imperil an already fragile economy, the central Bank said. The Thai baht has risen 2% against the dollar in the past month is among the steepest in Asia. …

The Health Minister’s proposal is aimed at gradually restoring economic and social ties. The proposal was provisionally approved by Prime Minister Prayut Chan-o-cha at a meeting on foreign policy on May 7, according to Dr Taweesin Visanuyothin, spokesman for the government’s Centre for Covid-19 Situation Administration (CCSA). “The prime minister and agreed Health Minister Anutin Charnvirakul,” said Dr Taweesin. “However, …

It’s only when enough individuals become immune to the disease to stop transmission, either through a vaccine or direct contact, can COVID-19’s danger to lives and livelihoods solve fully. Before then, policymakers seeking to revive their economies will have public-health programs powerful enough to identify and respond to incidents. But it’s a different face since Malaysia’s economy in 2020 could …

The Thai Government will decide later this month whether to ease any of the economic restrictions in light of the decline in new coronavirus cases, according to the Centre for Covid-19 Situation Administration (CCSA). Thai Government spokesman Taweesilp Visanuyothin said a decision regarding the curfew and business closures will depend on the situation ahead. The Thai government imposed a nationwide …

The consumer confidence index dropped to 50.3 points in March from 64.8 points in February, said Thanavath Phonvichai, president of the University of the Thai Chamber of Commerce (UTCC). In addition, the economic confidence index in March stood at 41.6 points, down from 52.5 points in February, while the confidence index on job opportunities contracted from 61.4 points to 49.3 …