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Thailand: EEC officials pitch high-tech training

Authorities are planning to sharpen the skills of 8,500 potential workers next year to serve 12 targeted S-curve industries in the Eastern Economic Corridor (EEC) that are short on highly skilled labour in advanced technology. Thailand is struggling with a labour shortage as it adapts to digital disruptions, with the country unable to supply workers […]

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Cambodia: Good news for oil and gas exploration

More positive news has come for Cambodia’s nascent and struggling oil and gas exploration endeavours. PetroVietnam Drilling & Well Service Corp (PV Drilling)’s rig PV Drilling III will implement its contract to drill five new wells for Kris Energy in the Kingdom’s waters for three months, starting in October, vietnamplus.vn reports. Cambodia’s oil and gas […]

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Indonesia at ‘near-certain recession’ as recovery depends on virus control, economists warn

Indonesia’s economy faces a “near-certain recession” in the third quarter this year, economists say, as a robust economic recovery will depend on whether the government can control the spread of the COVID-19 pandemic and stimulate people’s purchasing power. The government will need to focus on controlling the coronavirus outbreak amid a rising number of coronavirus […]

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Philippines: Peso appreciation to continue, says BSP

MANILA, Philippines — Favorable investor sentiment over the country’s sound macroeconomic fundamentals is expected to provide support to the peso, which appreciated to its strongest level in nearly four years, despite weaker inflows due to the pandemic, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Dioko said the local currency should continue to […]

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Covid-19 boosts cashless payments in Vietnam

The Hanoitimes – Transaction values via smartphones increased by 177% in the first half of 2020. Concerns over Covid-19 and mobility restrictions have prompted the use of cashless payments in Vietnam, according to local insiders and providers. Statistics from Shopee, the leading e-commerce platform in terms of visitors in Vietnam, showed that the number of users […]

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