MANILA, Philippines — ANZ Research expects the Philippine economy to contract by 2.5 percent this year as the economy further deteriorated in the second quarter due to the impact of the global coronavirus disease 2019 or COVID-19 pandemic. In a report, ANZ said it expects an all-around deterioration for the Philippines, reflecting the sizeable headwinds […]
Read MoreSaha Group, the country’s biggest consumer goods conglomerate, expects domestic consumer consumption to stay bearish in the next few years because of the crisis, which has gutted domestic employment. Thammarat Chokwatana, executive vice-president of SET-listed ICC International, the fashion and beauty marketing arm of Saha Group, said Thais’ well-being has not recovered even with eased […]
Read MoreLarge business investment trends, particularly e-commerce and digital healthcare, are poised to accelerate over the next 5-10 years following the pandemic, says Tisco Securities. The crisis has prompted a significant change in consumers’ lifestyle and business operations, said Paiboon Nalinthrangkurn, chief executive at Tisco Securities. For instance, virtual meetings and webinars conducted via Zoom and […]
Read MoreSINGAPORE – More than 60 per cent of the applications for the Self-Employed Person Income Relief Scheme (Sirs) processed by the National Trades Union Congress (NTUC) have been approved, the Ministry of Manpower (MOM) said on Monday (June 22). It added that the vast majority of those who applied received the same payouts as auto-included recipients, after […]
Read MoreThe Ministry of Tourism has announced it will develop Tek Chhub Khnar Pou community, the only mangrove forest in Siem Reap province, into a new eco-tourism site, a move to diversify the Kingdom’s tourism destinations to attract more visitors. Located in Sout Nikom district’s Khnar Pou commune, Tek Chhub Khnar Pou community, which has been […]
Read MoreIndonesian asset managers are expressing a preference for bonds amid crisis-driven market volatility, suggesting that investors gradually enter the market before the economy starts to pick up. Bonds, especially government bonds, are considered relatively low risk and have become attractive to investors as interest rates fall. “Sovereign debt gives quite a good return relative to […]
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Thailand
