MANILA, Philippines — Philippine economic recovery may fall behind those of other countries in Asia after the “dreadful” labor and industrial data released recently, according to London-based Capital Economics. The macroeconomy research firm said that with lockdowns eased only gradually, it may be more difficult for the Philippine economy to recover from the collapse in […]
Read MoreNearly one third of companies in Myanmar have temporarily closed because of the coronavirus lockdown and the vast majority of those still operating have reported lower turnover, according to the Asia Foundation. A nationwide poll of 750 local businesses – the largest survey so far of the impact of the pandemic – covered the two […]
Read MoreThe private sector is calling for a quick and clear stance from the government on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Companies cited foreign investors who have already invested and are interested in further spending in Thailand, though they are waiting for the government’s decision on participation in the pact to determine […]
Read MoreCommerce ministers of ASEAN Plus Three have discussed economic recovery for the post-COVID-19 period during a recent virtual conference meeting on COVID-19 response. The meeting was chaired by Tran Tuan Anh, Minister of Industry and Trade of Vietnam with the participation of commerce ministers of ASEAN nations, China, Japan and South Korea, as well as […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has waived the fees of fund transactions made through the central bank until the end of the year, allowing banks and financial institutions to promote digitalization amid the changing economic landscape due to the pandemic. BSP Deputy Governor Maria Almasara Cyd Tuaño-Amador said it is critical […]
Read MoreThe government claims it has ensured there will be a sufficient supply of food to avoid a potential food crisis following the COVID-19 outbreak. The Food and Agriculture Organization (FAO) warned in March of the impacts of the pandemic on the world’s food supplies, with the shipping industry experiencing a slowdown in activity due to […]
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Thailand
