Indonesia’s economy is on track for a significant contraction this year as the coronavirus crisis has hit the global economy more severely than previously expected, the International Monetary Fund (IMF) has forecast. The United States-based institution projects that Southeast Asia’s biggest economy will contract by 0.3 percent this year, according to the June update of the World […]
Read MoreSINGAPORE: Nokia and Ericsson have been chosen as Singapore’s main 5G network providers, telecom operators said, leaving Huawei with only a minor role as the Chinese tech giant faces growing US pressure. Huawei has been dogged by allegations of stealing American trade secrets and aiding China’s espionage efforts, with Washington pushing countries to bar the […]
Read MoreWith its economy moving forward at a breakneck pace, Cambodia is also becoming more resilient to natural disasters, pandemics, global financial meltdowns and other adverse factors that normally help bring down a country’s business sector. The newly-released 2020 Global Resilience Index shows that the Kingdom’s ranking has moved up from last year. This year, Cambodia […]
Read MoreMore food products have been bought online since the COVID-19 outbreak, online sellers have said. More food products have been bought online since the COVID-19 outbreak, online sellers have said. A recent report released by online shopping platform Shopee said that Vietnamese had become more comfortable with buying food and groceries online, including items that are usually bought offline. […]
Read MoreBusinesses in Asean expect a significant or worse impact on business with more considering layoffs to reduce costs compared with the rest of the world, according to a survey by Korn Ferry. A whopping 81 per cent of businesses in Asean said they expect a decline in revenue, compared with 72 per cent for Singapore […]
Read MoreMANILA, Philippines — Energy Secretary Alfonso Cusi is inviting foreign groups to invest in the Philippines, especially as the new normal opens up more opportunities in the country’s energy sector. In his keynote speech at the Annual Global Conference on Energy Efficiency of the International Energy Agency (IEA), Cusi urged investors to take a closer […]
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Thailand
