MANILA, Philippines — The government’s economic planning body is standing pat on its forecast 5.5 percent gross domestic product (GDP) contraction this year despite the emergence of other risk factors on top of the prevailing COVID-19 pandemic. In a presentation before the Senate committee on finance yesterday, acting Socioeconomic Planning Secretary Karl Chua said the […]
Read MoreDESPITE the economic uncertainty, e-commerce players say they remain upbeat about the online retail landscape, given that preliminary data from this year’s 9.9 (Sept 9) sales appear better than last year’s. Lazada customers had a headstart at its 9.9 LazMall Big Brands Sale, which kicked off at midnight on Wednesday, offering products from electronics to […]
Read MoreThe Hanoitimes – In 2020, Vietnam’s GDP growth is set to hit 2.3% and then rebound strongly to 8% in 2021. The recovery prospects look brightest for Vietnam, which is expected to be the only Southeast Asian economy to record positive growth this year, according to the latest Global Economic Outlook report from Oxford Economics. In […]
Read MoreThailand will have to tolerate the possibility of new coronavirus cases when it reopens its borders to international tourists, but the country can minimise the impact and avoid a bruising level of unemployment with risk management, says the Tourism Authority of Thailand (TAT). After the country reported its first local transmission in 100 days last […]
Read MoreThe $30 million Worldbridge SME (small and medium enterprise) Cluster will break ground next month, according to a senior executive of Worldbridge Industrial Developments, the company behind the Industry 4.0 infrastructure. The cluster, located in Takhmao city of Kandal province opposite an affordable housing project and near the new planned Phnom Penh International Airport and […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is warning unemployment reached 2.5 million people in the first half this year and will keep growing next year if state stimulus packages are not strong enough to battle economic woes. The numbers, recorded between January to June this year, include 700,000 workers under labour […]
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