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Philippines likely slipped into recession in Q2

MANILA, Philippines — The Philippines likely slipped into a recession as the economy is expected to suffer from a double-digit contraction in the second quarter due mainly to the coronavirus lockdown, according to economists of private banks. Michael Ricafort, chief economist at Rizal Commercial Banking Corp. (RCBC), said the country’s gross domestic product (GDP) may […]

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Thailand: Exporters cautioned as headwinds mount

Thai exporters are being warned to brave the China-India conflict and the tech war between the US and China on top of the existing serious impact from the coronavirus crisis. Aat Pisanwanich, director of the Center for International Trade Studies at the University of the Thai Chamber of Commerce, said the business sector is fretting […]

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Aerial view Kuala Lumpur skyline at night
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MDEC, Huawei spearheads Malaysia’s ASEAN digital hub aspirations

KUALA LUMPUR (BERNAMA) – The Malaysia Digital Economy Corporation (MDEC) and Huawei Technologies (Malaysia) Sdn Bhd have signed a Memorandum of Understanding (MoU) to spearhead the initiative to drive Malaysia’s position as the heart of Digital ASEAN. This collaboration will kickstart with a white paper development conducted by both parties on identifying and developing key elements to […]

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