The ASEAN Coordinating Council (ACC) held its 25th meeting in the form of a video conference on April 9 under the chair of the council’s chairman - Vietnamese Deputy Prime Minister and Foreign Minister Pham Binh Minh.
With Southeast Asia facing a funding deficit to meet its burgeoning energy and infrastructure needs, the region needs stronger coordination, skills and transparency in elevating sustainable projects to investors, according to the findings of a report by the Singapore Institute of International Affairs (SIIA).
Negative growth forecast for Singapore and Thailand as unemployment escalates
The coronavirus 2019 (Covid-19) pandemic will test the soundness of the economic fundamentals of the Asean+3 economies, including the Philippines, but the region is bound to emerge from the crisis stronger, according to the Asean+3 Macroeconomic Research Office (AMRO).
Food supply chain disruptions caused by Covid-19 may lead to increased food security challenges in ASEAN.
Despite the weakening baht, the Thai National Shippers’ Council (TNSC) expects export value of the country to contract by at least 8 percent in 2020, with a possibility of double digit contraction looming.
Thailand’s new economic package to mitigate the impact of the COVID-19 pandemic will be worth about 10 percent of its gross domestic product (GDP), Deputy Prime Minister Somkid Jatusripitak has said.
Singapore on Monday announced another 5.1 billion Singapore dollars ($3.6 billion) in stimulus to soften the economic damage from the ongoing coronavirus outbreak.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
