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Economic News

How is Covid-19 changing South-east Asia’s super apps?
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After enjoying years of exponential growth, South-east Asia’s super apps have been forced to reassess their business models as a result of Covid-19, with many refocusing their priorities as they plan forthe post-pandemic world. In recent years so-called super apps – online or mobile platforms that combine multiple services into one app – have sought to continuously expand their offerings. While…
Economic News

Covid-19 and RCEP: make or break?
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At the start of 2020, the Regional Comprehensive Economic Partnership (RCEP) – potentially the world’s largest free trade deal – seemed on track to be signed by the end of the year. However, the coronavirus pandemic has slowed that process, raising some questions about when the agreement will be formalised. In what would constitute a significant win for multilateralism, the RCEP would bring…
Economic News

M&As, Covid-19 and South-east Asia: take the plunge or wait it out?
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The economic fallout fromthe coronavirus pandemic has had a significant impact on business investment. However, while the volume of investments has plunged worldwide, there are hints that South-east Asia could see newmergers and acquisitions (M&As) in specific sectors. With large sections of the global economy shutting down in recent months and the medium-term outlook still uncertain,…
Economic View

Kanit Sangsubhan, Secretary-General, Eastern Economic Corridor (EEC) Office of Thailand

On securing deals during lockdown and planning for the post-pandemic recovery What impact has the global Covid-19 pandemic had on infrastructure development in the EEC? KANIT SANGSUBHAN: Covid-19 has not substantially impacted infrastructure development so far, as prior to the pandemic all of our projects were either in the preparation phase or we were looking for investors. Two projects…
Economic View

Bundit Sapianchai, President and CEO, BCPG

On the role of renewable energy in South-east Asia post-Covid-19 To what extent can green energy play a role in Thailand’s Covid-19 recovery strategy? BUNDIT SAPIANCHAI: We have learned a lot from Covid-19, particularly in the power sector, as the pandemic has instigated many changes in the industry. First, lockdown measures have demonstrated that if people are not driving to work and there are…
Economic News

How is the Covid-19 pandemic impacting Thailand’s medical hub ambitions?
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As Thailand begins to gradually ease coronavirus-related restrictions, the government is looking to cement the country’s position as an advanced medical hub in Asia. From May 3, small retailers, street food vendors, restaurants outside malls, parks and outdoor sports venues have been permitted to reopen as policymakers look to kick-start economic activity that has been curtailed by lockdown…
Economic View

Marc Barnett, CEO, iflix

On changing entertainment consumption patterns amid the Covid-19 pandemic As social-distancing measures lead to increased demand for home entertainment, what strategies can be employed to increase penetration in a sustainable manner? MARC BARNETT: This situation is bigger than our internal business metrics, and I think we have a responsibility and an opportunity to help people through a difficult…
Economic View

Baroness Neville-Rolfe, Chair, UK-ASEAN Business Council (UKABC)

On encouraging UK businesses to explore opportunities within ASEAN What are the implications of Covid-19 for ASEAN and the work of the UKABC? NEVILLE-ROLFE: In the short term the impact on the UK and ASEAN will be damaging, but this is a worldwide challenge. Most South-east Asian countries have large populations, stretched health services and economies that are dependent on trade and the movement…
Economic News

Are rate cuts the antidote to Thailand’s coronavirus concerns and budget delay?
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Thailand has slashed its benchmark interest rate to a record low as part of efforts to stimulate economic growth, which has been sluggish due to concerns over the coronavirus and a months-long delay to publishing the 2020 budget. At its monthly meeting in early February, the Bank of Thailand (BOT) cut its policy rate by 25 basis points to 1%, an all-time low for the country. The move was the third…