The 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 […]
Read MoreSINGAPORE, 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 […]
Read MoreThe 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
