The Vietnamese logistics industry is among those hit the hardest by Covid-19, as the unpredictability and duration of the pandemic have presented multiple challenges in both the short and long terms, jeopardizing the viability of many businesses, especially small- and medium-sized enterprises. According to a recent report released by the Logistics Industry Reference Council and the […]
Read MoreGDP slump worsens in Q2 — BSP MANILA, Philippines — A deeper economic slump looms in the second quarter, with gross domestic product (GDP) contracting by as much as 6.7 percent due to the full impact of the tight lockdown aimed at preventing the spread of the coronavirus disease, the Bangko Sentral ng Pilipnas said. […]
Read MoreE-commerce platform Shopee has found a significant increase in male users buying ingredients as food sales on its platform surged during the social distancing period. Shopee Indonesia director Handhika Jahja said men’s purchases of fresh, frozen and instant food products had increased six-fold compared to last year, suggesting that men had been making more home-cooked meals […]
Read MoreMANILA, Philippines — Despite the push in renewable energy development, Southeast Asian countries are expected to continue increasing their coal imports amid coal power plant investments in the region. In last week’s Philippines Commodity Market Insights forum, S&P Global Platts said the burgeoning coal demand in the Southeast Asian region has captured investors’ attention with […]
Read MoreThailand’s banking sector has been disrupted yet again, but this time it’s not a sophisticated new technology creating turbulence. Rather, it’s a microscopic virus that induces fear of immense collateral damage that could shake the country’s financial pillars to its core. Despite having no locally transmitted infection for more than a month in Thailand, the […]
Read MoreVietnam may have seen an over 50% decline in the number of tourist arrivals over the past five months due to Covid-19 but the situation is only expected to worsen, as the crisis has been forecast to reach its peak in the next few months, with even large travel companies finding it tough to survive. After […]
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