Office occupancy rates in Indonesia’s major cities are expected to plunge further next year as supply increases at a time when demand remains weak amid the coronavirus pandemic. According to a projection by property consultancy Colliers International, office occupancy will plunge to just 78 percent in the central business districts (CBD) of Jakarta and Surabaya […]
Read MoreMANILA, Philippines – Car sales plunged by 51 percent to 85,041 units in the first semester from 174,135 units a year ago on weak demand for both passenger cars (PC) and commercial vehicles (CV), according to the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI). PC sales declined by 54 percent to 23,912 units […]
Read MoreThe Centre for Covid-19 Situation Administration (CCSA) has allowed Se Kaeo’s communicable diseases committee to re-open the Aranyaprathet checkpoint to transport goods between Thailand and Cambodia. Starting on Wednesday, 50 vehicles will be allowed to cross the border between 8am and 1pm each day. Each vehicle can only carry two passengers, who must be screened […]
Read MoreSINGAPORE entered both full-blown and technical recession in the second quarter, according to advance estimates showing a 12.6 per cent year-on-year contraction in gross domestic product (GDP), and a 41.2 per cent quarter-on-quarter contraction. The year-on-year figure was worse than economists’ expectations of a 10.5 per cent fall, and much worse than the first quarter’s 0.3 per […]
Read MoreHundreds of thousands of migrant workers are returning home due to the COVID-19 pandemic, which caused factories to suspend their operations. This can worsen the unemployment rate in the country where there is strangely no official unemployment rate. The government of Myanmar is trying to find a way to create jobs for returning migrant workers. […]
Read MoreSINGAPORE — Singapore plunged into recession in the second quarter as growth fell 41.2 percent quarter-on-quarter with the trade-dependent economy hammered by the coronavirus, preliminary data showed Tuesday. Year-on-year, the economy shrank 12.6 percent between April and June, according to the data from the trade ministry, as strict curbs were imposed to fight the virus. […]
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Thailand
