MANILA, Philippines — The economy still cannot be expected to return to its pre-crisis level by next year as prevailing weaknesses in industries, labor market, and overseas employment prospects will weigh on near-term prospects, said US-based Global Source Partners. In its recently released quarterly report, the market intelligence firm forecasts an 8.5 percent contraction for […]
Read MoreThe Tourism Authority of Thailand (TAT) plans to rejig the enrolment process for the domestic stimulus campaign to a more friendly version for the elderly, as well as urge airlines to offer special airfares for local tourists. Only 800,000 room nights have been redeemed under the “We Travel Together” campaign from a total of 5 […]
Read MoreCar imports in Vietnam have increased again after a long slump caused by the impact of Covid-19. Thailand and Indonesia have been the biggest sellers. The General Department of Customs (GDC) reported that in July, Vietnam imported 4,761 CBU cars of different kinds, an increase of 34 percent over the month before. This included 1,698 […]
Read MoreSINGAPORE, Sept 8 — Despite tourism coming to a standstill, more than 900 people have taken up jobs in the industry between April and July, in roles such as conference and event planners, system analysts and marketing sales executives. About 51 per cent of this group are aged 40 and above, and 87 per cent […]
Read MoreMANILA, Philippines — Philippine banks have started reducing the interest on peso and foreign currency deposit accounts as the Bangko Sentral ng Pilipinas (BSP) has slashed interest rates by 175 basis points so far this year to soften the blow of the coronavirus disease 2019 or COVID-19 pandemic. Ayala-led Bank of the Philippine Islands (BPI) […]
Read MoreThe Cambodia Rice Federation (CRF) is seeking more business opportunities for Cambodia’s rice sector by signing a memorandum of understanding (MoU) with Bank of China (Hong Kong) Ltd on the third China International Import Expo (CIIE) project to promote the industry. The MoU was signed by Song Saran, president of the CRF, and Bank of […]
Read More
Thailand
