Coronavirus-ravaged economies across the Asia Pacific will make a “swoosh-shaped” recovery next year, the Asian Development Bank forecast Tuesday, but it warned that further restrictions to combat the contagion could derail the region’s return to growth. Developing Asia — stretching from the Cook Islands in the Pacific to Kazakhstan in Central Asia — is expected to […]
Read MoreThe 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 […]
Read MoreMANILA, 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 […]
Read MoreMore than 3 million tonnes of Cambodia’s agricultural products were exported as of Sept 11, according to a report from the Ministry of Agriculture, Forestry and Fisheries. The report added that Cambodia exported milled rice totalling 463,805 tonnes, of which, 164,962 tonnes went to China, 154,287 tonnes to the EU, 61,700 tonnes to Asean countries, […]
Read MoreAfter a local silk importer was recently found to be disguising Chinese products as Vietnamese to sell them in India, experts have warned of the risks of losing out on exports and preferential tariffs due to intellectual property (IP) violations. The Department of Post-Customs Clearance Inspection from the General Department of Customs revealed that it […]
Read MoreMANILA, Philippines — Vehicle sales declined by 48 percent from January to August compared to last year’s level as consumer demand remained weak amid the COVID-19 pandemic, according to the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association (TMA). In a joint report, CAMPI and TMA said total vehicle sales […]
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