The National Bank of Cambodia (NBC) said the Kingdom’s economic growth stagnated in the first half of the year due to the impact of the COVID-19 pandemic and forecast that the country’s GDP would contract 1.9 percent this year. NBC governor Chea Chanto said key pillars of Cambodia’s economy such as tourism and manufacturing were […]
Read MoreMANILA, Philippines — Layoffs have persisted more than a month since the government relaxed lockdowns and permitted businesses to reopen, demonstrating the uphill challenge for an economic recovery from the pandemic. In the latest labor department report, permanently displaced employees in the formal sector, or those in registered businesses, hit 121,921 from 501 establishments as […]
Read MoreThe Hanoitimes – The retailer intends to expand presence to 55 of Vietnam’s 63 provinces and nationally run cities, up from the current 39. Thailand’s Central Retail plans a larger presence in Vietnam, looking to reach nearly 90% of the country’s provinces in the next five years, as the company aims to reduce dependence on its home market, Nikkei […]
Read MoreThe Labour Ministry has resumed services nationwide by adopting social-distancing measures in order to complete the legalisation process for migrant labourers who registered online by March 30. Employment Department chief, Suchart Pornchaiwisetkul, said foreign workers from Myanmar, Cambodia and Laos who registered online by March 30 must complete the remaining work permit renewal steps. They […]
Read MoreYangon’s real estate rental market sees lower rental fees as landlords lower their rental fees due to lower demands. “There are some activities. But rental fees are lower,” an official from Myanmar Real Estate Services Association, told Myanmar Business Today. Transactions in the real estate sector almost stopped during the lockdown. Landlords also reduced the […]
Read MoreThe Hanoitimes – Hanoi and Ho Chi Minh City have contributed to the country’s higher rank in the 2020 index. Vietnam has becomes a ‘semi-transparent’ real estate market for the first time, being listed among top 10 biggest improvers globally, according to JLL. In JLL’s biennial Global Real Estate Transparency Index (GRETI) 2020, Vietnam’s position has […]
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Thailand
