The Indonesian economy faces gloomier skies this year as the COVID-19 pandemic has yet to show any signs of subsiding, forcing government officials, the central bank, economists and international institutions to project weaker and weaker growth as the outbreak unfolds. The Asian Development Bank (ADB) projected Indonesia’s gross domestic product (GDP) to shrink 1 percent […]
Read MoreThe Hanoitimes – Tour operators, battered by the Covid-19 pandemic, are waiting for the resumption of international air services. As partners in the source markets are inquiring about starting to send tourists to Vietnam, many Vietnamese travel businesses are working on resuming inbound services though they haven’t known yet when Vietnam would allow foreign entry, The Saigon […]
Read MoreMANILA, Philippines — Deutsche Bank expects the Philippine economy to contract by a sharp 10 percent in the second quarter due to the business shutdowns when Luzon was placed under enhanced community quarantine on March 16 to limit the spread of the coronavirus disease 2019 or COVID-19 outbreak. Michael Spencer, chief economist and head of […]
Read MoreAlthough local tourists will be key to a tourism recovery, hoteliers should prepare for a change in foreign tourist behaviour, says Proud Group, a leisure and hospitality development firm. The group’s director, Proudputh Liptapanlop, said the tourism business in the second half will depend largely on domestic tourists because of outbound travel bans and the […]
Read MoreLuxshare ICT announced they are still hiring 300 workers per day from June 18 to 20 for production expansion in North Vietnam. Luxshare Precision Industry (Luxshare ICT), one of Apple’s contract manufacturers, is hiring thousands of workers in Vietnam to assemble AirPods. Over the last few days, the company’s fanpage has been posting job opening […]
Read MoreAsean countries need to prioritise digitalisation, platform creation, agility, resilience and sustainability as methods to steer them towards recovery mode in the wake of the pandemic, say leading economic and business figures. “Digitalisation in everything, through all levels of both the public and private sectors, is now the new normal. This is a must to […]
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Thailand
