Press release
Impact of COVID-19 on ASEAN Economy Research and Forecast 2019-2025
A full report of Impact of COVID-19 on ASEAN Economy is available at: https://www.omrglobal.com/industry-reports/impact-of-covid-19-on-asean-economy
After a sudden spike in cases related to coronavirus, a lockdown was imposed in Malaysia for two weeks on 18th March 2020. On 25th March 2020, the lockdown was extended till 14 April. However, the Indonesian government is not in favor of any lockdown until now to restrict the spread of the pandemic. Instead, the government has opted for the route of large scale social distancing. The country has also announced an emergency fund of $1.5 billion for social assistance and subsidies for low-income workers. Vietnam, one of the top exporters of electric equipment and clothing, has not witnessed a significant number of cases related to coronavirus however the country will witness a downfall of its exports due to global pandemic spread. Moreover, a disruption in the supply chain will also witness in the country. To remain safe a number of manufacturing units have been shut down in the country including TC Motor of Hyundai and Honda Vietnam.
To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/impact-of-covid-19-on-asean-economy
On the basis of industry verticals, the impact of COVID-19 pandemic in ASEAN is studied into automotive, energy, healthcare, retail & e-commerce, agribusiness & food, aviation, construction, manufacturing, travel & tourism, and other verticals. Aviation, travel & tourism, and construction are among the most affected vertical due to the COVID-19 pandemic in the region. Geographically, the report analyzes the effect of COVID-19 spread on major economies of the region including Malaysia, Singapore, Indonesia, Thailand and the Rest of ASEAN countries.
The key companies operating in ASEAN getting affected by the COVID-19 pandemic include AirAsia Berhad, Airports of Thailand Public Co. Ltd., Indorama Ventures Public Co. Ltd., Singapore Airlines Ltd., The Siam Cement Group Public Cp. Ltd., Wilmar International Ltd. and so on.
Companies operations have been halted or operating at very low capacity due to government guidelines as well as a reduction in the workforce. For instance, on 22nd March 2020, Singapore Airlines announced to reduce its 96% flights till the end of April due to the pandemic.
Impact of COVID-19 on ASEAN Economy- Segmentation
• Automotive
• Energy
• Healthcare
• Retail & E-commerce
• Agribusiness and Food
• Aviation
• Construction
• Manufacturing
• Travel and Tourism
• Others (Electronics, ICT)
For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/impact-of-covid-19-on-asean-economy
Regional Analysis
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of ASEAN Countries
Companies Profile
• AirAsia Berhad
• Airports of Thailand Public Co. Ltd.
• PT Astra International Tbk
• Astro Malaysia Holdings Berhad
• Axiata Group Berhad
• Banyan Tree Holdings Ltd.
• Charoen Pokphand Foods Public Co. Ltd.
• ComfortDelGro Corp. Ltd.
• CP All Plc
• Delta Electronics (Thailand) PCL
• DRB-HICOM Berhad
• Flex Ltd.
• IHH Healthcare Berhad
• Indorama Ventures Public Co. Ltd.
• Keppel Corp. Ltd.
• Malaysia Airports Holdings Berhad
• Olam International Ltd.
• PT Adaro Energy Tbk
• PT Gajah Tunggal Tbk
• PT Hero Supermarket Tbk
• PT Pertamina
• PT Telekomunikasi Indonesia Tbk
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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