Minister at the Prime Minister’s Office and Minister of Finance and Economy II Dato Seri Setia Dr Awang Haji Mohd Amin Liew bin Abdullah said that the country is attempting to bring down the unemployment rate to four per cent, or even lower. In an interview with the Bulletin at the opening of the Julangan […]
Read MoreMANILA, Philippines — The Philippines suffered the largest downward revision in outlook this year from the Asian Development Bank (ADB), which now see the economy plunging to a deeper contraction than most of its Southeast Asian peers due to the pandemic. The Manila-based lender now see the local economy shrinking 7.3% year-on-year in 2020, worse than […]
Read MoreThe Hanoitimes – Hotels for sale is reaching a record number in a decade in Vietnam. The number of hotels for sale is reaching a record high in a decade in Vietnam as the Covid-19 pandemic has thrown the local tourism industry in abyss, according to real estate brokers. Every day, dozens of hotels in Ho […]
Read MoreBusiness closures spiked 38.4% year-on-year from June to July, with higher figures anticipated in the second half attributed to the economic downturn amid the pandemic crisis, says a research house. For the first 18 days of August, the ratio of business closures increased by 37.9% year-on-year, according to the Economic Intelligence Centre (EIC), a research […]
Read MoreOxford Economics has stated that the COVID-19 pandemic will have a significant impact on the exports of CLMV countries, comprising Cambodia, Laos, Myanmar and Vietnam. It added that up to 66 percent of Cambodia’s exports are generated by the clothing and apparel industry which has traditionally benefitted from foreign direct investments and preferential trade benefits […]
Read MoreMANILA, Philippines — The Philippine Competition Commission (PCC) is set to issue guidelines on the exemption of merger and acquisition deals below P50 billion from the body’s review under the recently approved Bayanihan 2 Law. Republic Act 11494 or the Bayanihan To Recover As One (Bayanihan 2) Act, signed by President Duterte on Sept.11, exempts […]
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Thailand
