MANILA, Philippines — The Asian Development Bank (ADB) is pushing for investments in transportation systems that use new technologies to adopt to social distancing and increased take-up of non-motorized transport amid the pandemic. In its new report titled “Guidance Note on COVID-19 and Transport in Asia and the Pacific,” the multilateral bank said future investments […]
Read MoreSingapore’s economy suffered a bigger contraction in the second quarter than previously estimated, signalling a long recovery ahead for the trade-reliant nation. Gross domestic product plunged a record 42.9% on an annualized basis in the second quarter from the previous three months, according to final estimates from the Ministry of Trade and Industry released Tuesday. […]
Read MoreTourism businesses in Siem Reap have changed their operations to target more domestic tourists. The move comes as hotels report more than 90 percent occupancy rates for the upcoming Khmer New Year replacement holiday. Business changes have included hotels dropping room rates as well as restaurants and bars offering a more Khmer-friendly atmosphere with live […]
Read MoreThe Energy and Mineral Resources Ministry has appointed Ridwan Djamaluddin as the ministry’s number one man in regulating Indonesia’s mining industry. Energy minister Arifin Tasrif inaugurated the geologist-by-training on Monday as the ministry’s new mining director general, an echelon one-level bureaucrat, which is a rank just below a minister. Arifin tasked Ridwan with implementing the […]
Read MoreMANILA, Philippines — The Philippines would be forced to spend more to fight the coronavirus pandemic, even if it does not want to, if the outbreak gets prolonged and an expected rebound for the economy next year does not materialize, a debt watcher said Tuesday. “The government’s record of macroeconomic management lends credibility to the […]
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Thailand
