The Bank of Thailand (BoT) will focus on assisting businesses, especially those severely affected by COVID-19 pandemic, to restructure their debts, the bank’s Governor Veerathai Santiprabhob said on August 21.
Indonesia recorded 3.26 billion USD in trade surplus in July, a nine-year high, as the export value reached 13.72 billion USD while imports were 10.46 billion USD.
The government is pinning its hopes on a growth rate of around zero percent this year as it struggles to spend a Rp 695.2 trillion (US$47 billion) stimulus budget to revive an economy reeling from the coronavirus pandemic.
In the first week of July 2020, Indonesia and Hong Kong entered a new phase of economic cooperation. Indonesia finally joined other ASEAN member countries in ratifying the ASEAN–Hong Kong, China Free Trade Area (AHKFTA).
Almost 60 percent of Singaporean companies said it will take them one to two years to recover to pre-pandemic levels, even when they seek new sources of revenue and speed up technological adoption.
Thailand is striving to become the first country in ASEAN to launch 5G commercial service, while existing 4G systems are ready to be upgraded to 5G, government deputy spokeswoman Ratchada Thanadirek said.
The Indonesian government is mulling over a plan to develop “medical tourism” in a bid to provide high-quality health care to the public and create a new source of national income.
The Regional Comprehensive Economic Partnership (RCEP) has entered the legal scrubbing phase and is expected to be signed soon without India, the Trade Ministry has said.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
