MANILA, Philippines — The government should look into the possibility of gradually reopening the economy and allowing businesses to operate at 50 percent capacity to help cushion the economy from the impact of the coronavirus disease 2019 or COVID-19 pandemic, according to SM Investment Corp. (SMIC) vice chair Teresita Sy-Coson. Coson said this may be […]
Read MoreA Fitch Group unit warned that its Philippine economic growth outlook for 2020 is now subject to downside risks because of the extended enhanced community quarantine (ECQ) imposed on Luzon. “The extension of the lockdown has been a risk we have flagged to the Philippines’ economic outlook,” Michael Langham, Fitch Solutions senior country risk analyst, […]
Read MoreRecap: Stock markets ended the week with upbeat momentum as investor sentiment was lifted by hopes that the coronavirus pandemic is peaking, and by stimulus efforts of governments across the globe. The SET index moved in a range of 1,173.14 and 1,243.50 points this week before closing yesterday at 1,228.03, up 7.8% from the previous […]
Read MoreThe Hanoitimes – Prime Minister Nguyen Xuan Phuc has requested government agencies to ensure national food security and avoid shortage of rice in any circumstance. Prime Minister Nguyen Xuan Phuc has agreed to resume rice export with an amount of 400,000 tons in April. Phuc, however, requested government agencies to ensure national food security and avoid […]
Read MoreThe Myanmar Investment Commission (MIC) will accelerate approvals for investments in labour-intensive and infrastructure projects, MIC secretary U Thant Sin Lwin said last week. This is to ensure as many workers find jobs as possible to offset the impact of lay-offs in other sectors such as manufacturing and tourism. The MIC will also accelerate approvals […]
Read MoreThe Council for the Development of Cambodia (CDC) has approved four investment projects with a combined capital investment valued at $13.9 million and expected to create 3,315 jobs. It stated that the four projects focused on garment production and packing materials with factories located in Phnom Penh, Kampong Speu and Tbong Khmum province. Earlier this […]
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