Indonesia's economy will start to open and recover from the COVID-19 crisis in August this year, the World Bank's Country Director for Indonesia, Satu Kahkonen, stated on Thursday.
Predictions of recessions in countries affected by COVID-19 no longer surprise anyone, but the outlook may be getting even worse for commodity-exporting countries. The World Bank forecasts that the economies of commodity-exporting developing countries will shrink by 4.8 per cent, a much sharper decline than other developing countries. This is important for Indonesia, where natural resources — especially oil, gas, coal and palm oil — have an outsized role in the economy.
Agricultural export value to the Thailand market surged around 233 percent to US$68 million in the first five months of this year, according to the Agro Processing and Market Development Authority (Agrotrade) under the Ministry of Agriculture and Rural Development.
The import turnover of Vietnamese steel products to the Philippines accounts for a small proportion of overall revenue and therefore the products should be excluded from the safeguard measures imposed by the island state, according to the Trade Remedies Authority of Vietnam.
CAMBODIA, Myanmar, and Vietnam are among the Asian countries poised to gain most from shifts in apparel manufacturing, according to a Fitch Solutions July 13 report.
Singapore's economy shrank more than 40 percent in the second quarter as the coronavirus plunged the Southeast Asian financial hub into recession for the first time in more than a decade, official data showed Tuesday.
S. Korea’s FDI in China has steadily decreased while increasing in Southeast Asia
ASEAN member state Indonesia, the fourth most populous nation in the world – confirmed its first COVID-19 cases in early March. Since then, the number of infections in the archipelago have soared.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
