Economics

Economics • STORY OF THE DAY • May 30, 2020 • 8 min read

Tourism As marine tourism takes a dive in Bali, marine life thrives

By Minka Curr • May 30, 2020
With the complete shutdown of the global travel industry in recent months, few places have felt the effect of that harder than the tourist-reliant island of Bali. But as its marine-focused economy suffers badly with no end in sight, its marine life is thriving

Economics • STORY OF THE DAY • May 26, 2020 • 3 min read

Covid-19 Singapore warns of worst economic contraction since independence

By Agence France-Presse • May 26, 2020
With Singapore's key export sector hamstrung by the ongoing global economic downturn, it's predicted that the city-state's economy could shrink by as much as 7% this year – its worst performance for over five decades

Economics • STORY OF THE DAY • May 18, 2020 • 2 min read

Covid-19 Thailand’s economy contracts for first time since 2014

By Agence France-Presse • May 18, 2020
Thailand's economy looks set to be among the hardest hit by the global economic downturn in Southeast Asia after its first contraction in six years. 2020 economic forecasts are also predicting the kingdom's sharpest drop since the 1997-98 Asian Financial Crisis

Economics • May 05, 2020 • 2 min read
Covid-19

Indonesia economy sees weakest growth in almost two decades

Indonesia's economy grew in the first quarter at its slowest pace for almost two decades, and economists warned on May 5 the ongoing coronavirus pandemic would likely deal an even greater economic blow in the next three months
By Agence France-Presse

Economics • May 01, 2020 • 8 min read
Cambodian economy

‘Government support for workers during Covid-19 insufficient’

With the halt of global tourism, and the mass cancellation of orders from the West, the global pandemic has hit the Cambodian economy especially hard. While the government has instituted support measures for workers, Cambodian labour rights organisation CENTRAL marks Labour Day 2020 with the message that it's not nearly enough
By Patrick Lee

Economics • May 01, 2020 • 8 min read
Labour unions

In Phnom Penh, Nagaworld lockdown means casino workers are suffering

On Labour Day 2020, NagaWorld union President Chhim Sithar says employees are financially struggling while waiting for Phnom Penh's sole gambling operator to reopen. But even during the Covid-19 shutdown, Sithar says the global fight for labour rights will go on
By Andrew Haffner

Economics • Apr 16, 2020 • 5 min read
Global economy

IMF: Asian economic growth set to be lowest for six decades

Cambodia and Thailand are set to be two of the region's hardest hit economies according to the IMF, as nations across Southeast Asia are forecast to be ravaged by the global economic slowdown caused by the Covid-19 pandemic
By Andrew Haffner

Economics • Apr 13, 2020 • 5 min read
Singapore economy

Singapore’s struggling bars and eateries having to adapt to survive

As Singapore goes into full lockdown, the city-states once-bustling food and beverage establishments are having to find innovative ways to stay afloat. Will the pandemic change the way the sector operates for good?
By Amanda Oon

Economics • Apr 01, 2020 • 9 min read
Gender in Singapore

Breaking up the boys’ club

Finance has long been a boys' club, with Singapore no different. Today, FinTech offers more women a way in, but there remains a lack of diversity at its highest levels. Here, two of Singapore's most successful female financial figures offer their reflections on the sector
By Amanda Oon

Economics • Mar 23, 2020 • 5 min read
Garment sector

As COVID-19 hits global economy, Cambodian workers face layoffs

As COVID-19 brings the global economy to a grinding halt, industry insiders warn that Cambodian workers face factory closures and job suspensions as the demand for goods falls in the West
By Alastair McCready