Thailand’s financial system has become more vulnerable due to the more-than-expected contraction of the country’s economic outlook due to impacts caused by the COVID-19 pandemic, according to the Bank of Thailand (BoT).
Gross domestic product is forecast to contract 8.1 per cent this year, according to the Bank of Thailand. That would be Thailand’s biggest ever decline
Indonesian exports of clear and tinted float glass may now enter the Philippine market free from safeguard tariffs, the Trade Ministry announced on Monday.
Myanmar’s financial technology, or fintech, industry has passed its embryonic stage and emerged as a regular feature in parliamentary agendas and business plans.
Thailand will take until September to study whether to join a trans-Pacific free trade agreement, potentially missing a window for entry this year amid widespread concern that joining the pact may harm its farm and healthcare sectors.
The Philippines is at a critical juncture in its economic relations with the European Union over free trade agreement (FTA) negotiations.
Singapore and the Southern Common Market of South America (MERCOSUR) have experienced a delay in their FTA negotiations after Argentina announced its decision to withdraw from ongoing negotiations on potential trade deals, saying it needs to focus on the growing economic crisis at home amid the coronavirus pandemic.
The Kingdom’s government has predicted real economic growth to be negative 1.9 percent in 2020 because of the COVID-19 pandemic. While, the Asian Development Bank (ADB) and World Bank forecast the country’s economic growth to be -5.5 percent and -2.9 percent respectively.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
