MANILA, Philippines — Global rating agency Fitch Ratings expects the Philippines to suffer a deeper economic contraction of eight percent this year, and noted a continued erosion of the country’s fiscal buffers amid the coronavirus pandemic. In a report, Fitch Ratings said the Philippine economy may decline by much more than the previous estimate of […]
Read MoreKUALA LUMPUR, Sept 9 — The early economic indicators for July have shown that the nation’s economy is improving, said Deputy Finance Minister II Mohd Shahar Abdullah. He said exports have increased by 3.1 per cent year-on-year, while sales of passenger cars and commercial vehicles also rose by 27.3 per cent and 44.8 per cent, respectively, during the month, compared to […]
Read MoreSINGAPORE, Sept 8 — With the increased scrutiny on the issue of foreign talent in Singapore leaving some companies anxious, Trade and Industry Minister Chan Chun Sing today reassured businesses that Singapore will continue being open to top international talent. “Let me be clear — we want the world’s best and brightest to be with […]
Read MoreThe regional textile industry has come under near-term threat from the global Covid-19 outbreak, especially for key producer Cambodia. Sian Fenner, lead Asia economist at Oxford Economics, noted in a recent report that lockdowns adopted to contain the spread of the virus “have had a severe impact on manufacturing and exports” in Cambodia, Laos, Myanmar […]
Read MoreThe government is being urged to speed up tackling rising logistic costs for exporters and boosting the country’s overall export competitiveness. Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers’ Council (TNSC), said exporters are feeling the pinch from logistics costs, particularly for maritime transport as freight rates have risen on a continuous basis, especially for […]
Read MoreManagement consulting company Redseer projected Indonesia’s online retail gross merchandise value (GMV), which indicates overall sales value, to surpass India’s this year, driven by a new cohort of e-commerce users amid the pandemic. Redseer Southeast Asia partner Roshan Raj Behera said Indonesia’s 2020 e-commerce GMV will reach US$40 billion this year, the third-highest in the world and higher […]
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Thailand
