Thailand’s job losses may reach 10 million if the coronavirus outbreak continues for a few months, a business advisory council said on Monday. The kingdom’s economy is being hit hard by the virus outbreak and is heading into a recession. “We think about 7 million jobs have been lost already, and the figure will hit […]
Read MoreAPPEARING AT THE END OF 2019, THE NEW CORONAVIRUS (COVID-19) HAS SPREAD RAPIDLY AROUND THE WORLD. AND LIKE CONSUMERS IN MANY OTHER MARKETS, VIETNAMESE CONSUMERS ARE CONCERNED ABOUT THE OUTBREAK, RESULTING IN A SIGNIFICANT IMPACT TO THEIR LIVING AND CONSUMPTION HABITS. Therefore, Nielsen Vietnam, in conjunction with Infocus Mekong Mobile Panel, conducted a survey to […]
Read MoreThe spread of COVID-19 is expected to hit Indonesian banks’ performance this year, but analysts remain hopeful that the industry will still be resilient enough to face the challenges the pandemic is bringing to the economy. Moody’s Investors Service has downgraded Indonesia’s banking industry outlook, along with 11 other countries in the Asia Pacific region, to negative […]
Read MoreThe Hanoitimes – Amid a slowdown in private investments and consumption, expert suggested public spending is essential to spur economic growth and ensure decent living standards for the people. Due to growing impacts of the Covid-19 pandemic, an increase in public spending with a focus on greater disbursement of public investment is a key measure to […]
Read MoreThailand’s logistics network has seen a considerable spike in volume, leaving operators scrambling to meet demand from a homebound population relying on deliveries for essential goods. Last week, rumours swirled on social media of employees quitting en masse from Kerry Express, the nation’s largest private delivery company, accompanied with pictures of boxes piling up at […]
Read MoreDue to COVID-19’s devastating economic effect causing the collapse of Cambodia’s two major export markets, the United States and the European Union, representing about 75 percent of total market share, is forcing a refocus on expanding the Kingdom’s highly concentrated export market. Khmer Times spoke to Penn Sovicheat, the under-secretary of state and spokesperson for the […]
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