USA SEES A POTENTIAL TRADE PARTNER IN THAILAND

HIGHLIGHTS

• US Ambassador has visited Thailand, refusing to wear a mask
• The meeting was mainly focused on the partnership between two countries in trading, manufacturing, and other financial services

US Ambassador has commended Thaila...

CONSTRUCTION COMPANIES IN THE UK REPORT AN INCREASE IN THEIR ACTIVITIES

Highlights –

• Construction companies in the UK report an increase in their activities.
• Companies reported growth in construction services for the month of June.
• Only 7 % of the British economic output accounts for construction se...

GERMAN INDUSTRIAL SECTOR SEES A STEADY RISE

Highlights –

• The German industrial sector sees a steady rise.
• Orders for industrial goods rose by 10.4% in May.
• Domestic orders rose by 12.3% and abroad up by 8.8%.
• However, the government expects the economy to shrink by ...

JAPAN HAS 4M INACTIVE WORKERS

HIGHLIGHTS

• Coronavirus caused lockdown everywhere. Lockdown caused businesses to shut down.
• With people losing jobs due to lockdown, unemployment rate also increased in Japan.
• Many workers have been laid of companies due to budgetary constr...

THAI AIRWAYS DECLARES ITS ACTING PRESIDENT – CHANSIN TREENUCHAGRON       

HIGHLIGHTS

• Thai Airways since months after it declared bankruptcy has been working on a rehabilitation plan
• Shuffling Board members and introducing new ones, it is trying every way possible to make the plan successful

The Ex-Presiden...

EUROPE MARKET SEES A SERIES OF JOB CUT ANNOUNCEMENTS AMID THE GLOBAL SLOWDOWN

HIGHLIGHTS

• UK companies have announced the lay-offs this week due to business losses faced due to coronavirus
• The companies also showed the raising scenarios of unemployment UK, Europe will face in the future months

Boeing BA and Air...

YOUNG AUSTRALIANS FACED EARLY RETIREMENT AMID THE CORONAVIRUS

HIGHLIGHTS

• Australian young clad removing the money from super balances, a worrying factor
• This may cause a potential threat to their future security

Industry Super Australia suggested the young Australian have faced the harshest dif...

SINGAPORE REAL ESTATE SEE A THREE YEAR LOWEST MARKET

HIGHLIGHTS

• Singapore to see a fall in real estate market buyers
• However, people seeking for temporary safe accommodation will be in demand

Singapore real estate market analysts predicted that since the lockdown has been imposed it ha...

MOF DECLARED GIFT VOUCHERS TO 1.4 MILLION SINGAPOREANS

HIGHLIGHTS

• Singaporean government to pay cash vouchers in the form of GST benefits to low and middle income
• Old age people to benefit from Medi Save cash payout

Ministry of Finance declared a gift voucher to people in Singaporean age...

AUSTRALIA ECONOMY REVIVAL PLANS INCLUDE CLEAN-ENERGY SECTOR

HIGHLIGHTS

• As Australia plans on creating millions of jobs, it is focusing on the fossil-fuel industry
• It is planning to create ”Zero Bill Infrastructure”

Australia further to create jobs lost due to pandemic has revived ...

BRITISH ECONOMY PROMISED TO BE ‘BUILD’ FASTER AND BETTER BY BORIS JOHNSON

Highlights –

• Prime Minister promises to ‘build’ the British economy faster and better.
• Boris Johnson has planned to invest $6 billion in building the country’s infrastructure.
• Coronavirus crisis has bought on a fisca...

BRITAIN’S ECONOMY SLUMPED THE WORST IN EARLY 2020

Highlights –

• Britain’s economy slumped the worst in early 2020.
• This is the UK’s biggest drop in the economy after 40 years.
• The Gross Domestic Product quarterly fell by 2.2% between January and March.
• Currently...

S&P GLOBAL RATINGS: INDIAN ECONOMY IN DEEP TROUBLE, GROWTH EXPECTED TO CONTRACT 5% IN FY21

Highlights

• According to the report made by S&P, the Indian economy will shrink 1.3 percent in 2020 and bounce back 6.9 percent in 2021

• Shaun Roache, chief economist for Asia-Pacific at S&P states the region has showcased some success in containing the vir...

VLADIMIR PUTIN: ARGUABLY THE MOST POWERFUL PRESIDENT IN THE WORLD

Highlights

• President Vladimir Putin worked with KGB for sixteen years and rose to the rank of Lieutenant Colonel

• President Putin was appointed as the prime minister of Russia in year 1999

• In the recent elections, Vladimir Putin gained 76 percent ...

HONG KONG AIR TRAVELS FLATTENED IN FY19-20, A DOUBLE-EDGED EFFECT OF PROTESTS AND VIRUS

HIGHLIGHTS

• The year of 2019 was horrendous for the Hong Kong air travel economy as the city faced blows in its face
• Social unrest and the pandemic has crippled the air travel plans

As the coronavirus outbreak and the security protest...

IMF FORECASTS CONTRACTION OF 4.5 IN THE INDIAN ECONOMY IN FY21

Highlights

• In the month of April, the IMF had predicted growth of 1.9 percent for the FY21

• The IMF stated that the prolonged lockdown and slow recovery will lead to contraction in the GDP

• The IMF also forecasted India’s growth revival will ...

COVID-19 IMPACT: INDIAN GDP WILL SHRINK 5.3 PERCENT IN FY21 SAYS IND-RA

Highlights

• Ind-Ra predicts growth of 5 to 6 percent in FY22

• Earlier this week, Fitch and Moody’s predicted Indian economy to contract  5 percent and 3.1 percent in FY21

• Ind-Ra forecasted India’s fiscal deficit may expand more tha...

HONG KONG WILL SEE ECONOMIC TURBULENCE IN AFTERMATH OF SECURITY LAW

HIGHLIGHTS

• Hong Kong will see a drastic economic downfall amid the passing of national security law
• China is looking up to suck up all the economic dependencies on Hong Kong

China isn't just fixing its political grasp on Hong Kon...

COINS HAVE NO PLACE IN AUSTRALIAN DIGITAL PAYMENT SYSTEMS POST CORONA

HIGHLIGHTS

• Australian banks gear up for less production of physical money
• People in Australia are shifting to the more digitalized economy from the conventional ways of payments to avoid social contact

Australian coin currency will l...

THAI PM EXHORTS INDUSTRY PLAYERS TO GEL WITH CURRENT SITUATION; EEC OPENS UP FOR FOREIGN BUSINESS DELEGATES

HIGHLIGHTS

• PM of Thailand asks the businessmen to cope up with the new form of unlocking
• The government along with private enterprises to bring the economy
• Eastern economic corridor to open Thailand for foreign investments