However, even though this is a 7.6 percent drop from last year’s 17 billion USD, Vietnam will remain the ninth biggest remittance beneficiary in the world, according to a recent report by the World Bank. In the East Asia and Pacific region, the country is forecast to rank third behind China (59.5 billion USD) and […]
Read MoreReducing the mandatory quarantine period and reopening the border safely and slowly are the keys to tourism recovery for all stakeholders as domestic demand alone is not sufficient for survival, according to Minor Hotels. Small businesses will be hurt more than big players if the borders remain closed, with the unemployment rate expected to surge, […]
Read MoreThe Kingdom’s waste-to-energy plans remain in limbo as the associated investment costs to see them to fruition have been deemed unviable. Victor Jona, director-general of the Ministry of Mines and Energy’s General Department of Energy, said that the companies invited to produce studies on waste-to-energy feasibility studies projected power costs far in excess of the […]
Read MoreSoutheast Asia’s internet economy will hit US$105 billion this year, as the coronavirus crisis prompted stuck-at-home consumers to go online to shop, get food delivered at home and for entertainment purposes, an industry report said on Tuesday. The report, which covers Indonesia, Malaysia, Vietnam, Singapore and the Philippines, said the region added 40 million new […]
Read MorePETALING JAYA: Malaysia’s Industrial Production Index (IPI) in September, which rose 1% year-on-year, came in below expectations and has set the stage for marginal growth for the remaining of the year. The index, which measures the levels of production and capacity in the main economic areas of a country such as manufacturing, saw a growth […]
Read More‘Economy on the mend’ MANILA, Philippines — The Philippine economy shrank at a less severe pace in the third quarter, coming off a record nosedive in the second quarter, following the easing of mobility restrictions and reopening of more businesses. Economic output, as measured by gross domestic product (GDP), declined by 11.5 percent year-on-year in […]
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Thailand
