Economy and commerce

Economic policy and administration

Laos faces serious budget deficit

An elevated fiscal deficit will result in growing public debt, which will ramp up pressure on Laos’ debt servicing capacity amid the COVID-19 crisis, the Vientiane Times reported on August 21. The Lao Government has estimated that the budget deficit will rise from 6.69 trillion kip (700 million USD) , ...

VNA

Mekong Delta localities urged to work harder to complete yearly targets

In a document informing the PM’s conclusion in a meeting with leaders of the Mekong Delta localities, PM Phuc called for the engagement of the whole political system in implementing the Government’s resolutions on supporting COVID-19-hit people and solutions to remove difficulties facing business and ...

VNA

Myanmar needs to reimagine its economic future

Development should be Myanmar’s number one priority. In the lifetime of today’s children, it has the potential to become a developed country. Combined with measures to fight inequality, finding the right path to development is critical for a successful transition to democracy. It’s also critical ...

THANT MYINT-U

Major Impact from COVID-19 to Thailand’s Economy, Vulnerable Households, Firms: Report

Thailand’s economy is expected to be impacted severely by the COVID-19 pandemic, shrinking by at least 5 percent in 2020 and taking more than two years to return to pre-COVID-19 GDP output levels, according to the World Bank’s latest Thailand Economic Monitor, released today. The COVID-19 pandemic ...

World Bank Thailand

The Mekong subregion in Beijing’s strategic calculus

The strategically vital Mekong subregion has been gaining salience in Beijing’s strategic calculations as China faces growing pushback from the US and other countries. The global pandemic appears to be consolidating a few trends in China’s ties with the Mekong nations. In this emerging scenario, it is likely ...

K. YHOME

Myanmar COVID-19 Recovery Plan Won't Favor China's BRI Projects, Official Says

When Myanmar announced its seven-point economic relief plan to mitigate the economic impact of COVID-19 in late April, one item immediately raised eyebrows among China analysts in the country. The initiative’s third main objective is stated as “Easing the Impacts on Laborers and Workers”, and ...

NAN LWIN

Thai Airways crash lands into bankruptcy court

Thai Airways International (THAI) is headed for bankruptcy court to pave the way for a much-needed rehabilitation for the octogenarian, near moribund national carrier, which in its glory days operated under the smug “Smooth as Silk” logo. Thai Prime Minister Prayut Chan-ocha’s Cabinet approved the plan ...

PETER JANSSEN

COVID-19 and the Effects on Supply Chains in Vietnam

The COVID-19 pandemic has slowed global trade and disrupted supply chains. The virus, which first started in China, shut manufacturing facilities for an extended period of time. As China, known as the factory of the world, shut factories, it resulted in a ripple effect battering ...

Pritesh Samuel

Job quality in Cambodia improves, new policies needed to benefit from global markets: World Bank

The diversity and quality of jobs available in Cambodia is improving, yet new policies are needed for the country to benefit from the opportunities available in future global markets, according to a World Bank report released on Tuesday. Titled Cambodia’s Future Jobs: Linking to the Economy ...

Shi Yinglun

Finance Ministry plans rejig of fuel excise tax

The Finance Ministry wants to revamp the structure of the excise tax on fuels to base it on carbon dioxide (CO2) emissions, with the aim of reducing greenhouse gas emissions to protect the environment. Finance Minister Uttama Savanayana delegated the Fiscal Policy Office and the Excise ...

Wichit Chantanusornsiri

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