PETALING JAYA: Malaysia’s economy is expected to grow by 6.7% in 2021, on the back of successful containment of Covid-19 infections and effective rollout and distribution of the vaccine, according to the World Bank. The latest edition of the World Bank Malaysia economic monitor: Sowing the seeds, said quicker containment of the third wave of […]
Read MoreThe government is easing travel restrictions for citizens from 56 countries to boost the country’s pandemic-hit tourism industry, though visitors will be required to undergo a mandatory two-week hotel quarantine. Tourists from countries including Australia, France and the United States can travel without visas, but would need a certificate to show they are free of […]
Read MoreMany businesses have re-opened since June but sales are still down significantly, especially micro, small and medium-sized companies (MSMES), with firms in Siem Reap very badly hit, according to the World Bank’s Cambodia Business Surveys (BPS). The BPS was taken to understand the economic effects of COVID-19 on companies. It was conducted in June and […]
Read MoreMANILA, Philippines — Sovereign lending by the Asian Development Bank (ADB) to the Philippines will reach around $9.4 billion between 2021 and 2023, with the bulk going into infrastructure, health and employment recovery projects. The Manila-based multilateral bank said the Philippines Country Operations Business Plan 2021-2023 supports programs and policies focused on the acceleration of […]
Read MoreThe Covid-19 crisis has caught back up with retailers again, setting the stage for a hard start to winter. But help may be on the way. The Commerce Department on Wednesday reported that retail sales in November fell a seasonally adjusted 1.1% from the prior month, and adding to the insult revised its October sales […]
Read MoreElectronics manufacturer Foxconn of Taiwan (China) has initiated plans to move part of their assembly line for iPad and MacBook products from China to Vietnam following a request made by tech giant Apple. The new production lines in the country are expected to come into operation during the first half of next year, according to […]
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Thailand
