MANILA, Philippines — Economists expect a bigger drop in remittances from overseas Filipino workers (OFWs) this year due to job losses resulting from lockdowns in host countries amid the coronavirus disease 2019 or COVID-19 pandemic. Euben Paracuelles, economist at Japanese investment house Nomura, said the amount of money sent home by OFWs to their loved […]
Read MoreAfter lagging other Asian currencies for most of the year, Thailand’s baht has staged a sharp rebound to outperform its peers. The baht has rallied almost 1.5% in May after dropping over 7% in the first four months of 2020. The catalyst? Traders are betting Thailand’s tourism-dependent economy will recover swiftly from the virus-induced slump […]
Read MoreThe Hanoitimes – AEONMall is pushing forward for the construction of the third shopping mall in Hanoi. Vietnam in general and Hanoi in particular is a priority for investment for AEONMall, stressed Tetsuyuki Nakagawa, director general of AEONMall Vietnam, in a meeting with Secretary of the Hanoi Party Committee Vuong Dinh Hue, also attended by Deputy […]
Read MoreThe World Bank will support Myanmar under a new country partnership framework from 2020 to 2023, it said on May 18. The framework will focus on three areas – building human capital and fostering peaceful communities, stimulating responsible private sector-led growth and inclusive economic opportunities, and enhancing the resilience of Myanmar to cope with natural […]
Read MoreMANILA, Philippines — Repairing the pandemic’s damage on the government’s hard-earned strong balance sheet will go beyond the Duterte administration, a consequence of the health crisis and a necessary shift in priorities from achieving historic fiscal ambitions to saving lives and addressing people’s needs. “Revenues will normalize in about 4 to 5 years as what […]
Read MoreThe cabinet on Tuesday decided that ailing Thai Airways International Plc (THAI) must go through rehabilitation via the bankruptcy courts in a “difficult but necessary” decision that ushers in complex, make-or-break steps for the national carrier, according to Prime Minister Prayut Chan-o-cha. Gen Prayut insisted the cabinet had opted out of throwing a financial lifeline […]
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