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Singapore must remain open to investments, foreigners to create opportunities for locals, says minister

SINGAPORE, Sept 15 — Singapore’s future rests on its role as a hub in sectors such as manufacturing, finance and logistics, Senior Minister Tharman Shanmugaratnam said yesterday, stressing that staying open is vital to maximising opportunities for Singaporeans. Tharman also warned that the Covid-19 pandemic may lead to a “wipeout” of a significant number of […]

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ADB cuts Vietnam GDP growth forecast to 1.8% in 2020

The Hanoitimes – While Vietnam’s economic outlook in the near term is dim, the country is showing stronger resilience than most comparable economies, stated the ADB. The Asian Development Bank (ADB) has revised down Vietnam’s economic growth forecast to 1.8% in 2020 from the previous estimate of 4.1% in June, but the growth is expected to […]

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Thailand: ADT targets 200m trips in 2021

The government should aim high in the domestic tourism market by targeting at least 200 million trips next year if Thailand wants to extend a lifeline to the industry, says the Association of Domestic Travel (ADT). “It’s useless if the government doesn’t set an ambitious goal, as we already witnessed soft domestic demand and insufficient […]

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CEOs see Philippine economic recovery in 3 years

MANILA, Philippines — Over 80 percent of chief executive officers in the country expect the economy to recover from the coronavirus disease 2019 or COVID-19 pandemic within one to three years, according to a survey of PwC Philippines and the Management Association of the Philippines (MAP). The PwC MAP 2020 CEO Survey released yesterday showed […]

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