indo02
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Indonesia: Private sector urges govt to lay out post-COVID-19 economic strategy

Businesspeople in the country are waiting for the government to announce a new economic strategy and guidelines amid its policy to relax COVID-19-related restrictions. Without such guidelines, the so-called new normal period would only leave enterprises with more uncertainty, said businesswoman and former maritime affairs and fisheries minister Susi Pudjiastuti. “It’s business as usual in […]

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phil03
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Philippines: ‘Economy to shrink by 5%’

MANILA, Philippines — The Philippine economy is likely to contract by five percent this year due to the extent of lockdowns and the impact on tourism, said UK-based think tank Oxford Economics. In a new research brief titled “How COVID-19 impacts vary across ASEAN-5,” the economic research firm said the coronavirus pandemic delivers the largest […]

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