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Vietnam: Trade upswing pressures local ports

After long expectations, EU businesses now have unprecedented market access to Vietnam’s inland shipping services, which heralds a great deal more competition as well as mounting pressure on the local seaport infrastructure. International container shipping company Maersk Line, the largest subsidiary of Danish business conglomerate Maersk Group, can now expand their business activities in the […]

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‘Philippine jobless rate highest in Southeast Asia’

MANILA, Philippines — The Philippines is seen booking the highest unemployment rate in Southeast Asia, with about eight million Filipinos expected to lose their jobs as the coronavirus disease 2019 or COVID-19 pandemic continues to overwhelm the economy, according to Maybank ATR Kim Eng. In its ASEAN economics report titled “Labour market: Retrenchments and Recovery,” […]

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Philippines: Business activities picking up — DOF

MANILA, Philippines — Some industries have experienced a pickup in business activities following the slight easing of movement restrictions in Metro Manila and other urban centers in June, according to the Department of Finance (DOF). In a series of meetings with the private sector in the third week of July, Finance Secretary Carlos Dominguez and […]

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