MANILA, Philippines — The International Monetary Fund (IMF) expects the Philippine economy to contract by 3.6 percent this year amid a deeper global economic slump caused by the coronavirus disease 2019 or COVID-19 pandemic. Yongzheng Yang, IMF resident representative to the Philippines, attributed the downward revision of the Philippines’ gross domestic product (GDP) outlook to […]
Read MoreKUALA LUMPUR, June 25 — Malaysia’s bid to rise in the economic value chain is set to stay stagnant, according to Fitch Macro Country Risk and Industry Research that predicted the country’s growth for the coming 10 years to be half what it was in the past decade. The Fitch Solutions unit published a report […]
Read MoreThe Cambodia Freight Forwarders Association (CFFA) yesterday said the on-going COVID-19 pandemic is seriously damaging logistic providers, with about 10 to 15 percent heading for bankruptcy in the upcoming months. Until now, the best way to describe the local logistics business it is becoming more “serious”, with many providers struggling to survive, CFFA President Sin […]
Read MoreThe first group of foreigners to be allowed to enter Thailand will comprise business representatives, skilled workers, experts, people with Thai families, teachers, students and patients who agree to quarantine, according to the government. Taweesilp Visanuyothin, spokesman of the Centre for Covid-19 Situation Administration (CCSA), on Wednesday elaborated on the government’s plan to allow foreign […]
Read MoreThe Hanoitimes – Strong development of the night economy, including prize-winning games businesses, could help Vietnam’s tourism compete with regional peers. More incentives and open policies are needed to attract investors into the billion-dollar business of prize-winning games in Vietnam which is deemed to hold huge potential for development, according to Nguyen Anh Tuan, editor in […]
Read MoreSINGAPORE – Budget carrier Jetstar Asia is cutting a quarter of its mainly-Singaporean workforce in July as part of “difficult but necessary decisions”. The cuts of up to 180 people across all parts of its business affect 26 per cent of Jetstar Asia’s workforce, even as most of its remaining employees will stay furloughed until […]
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