First time in 15 years MANILA, Philippines — The Philippines suffered a setback as it received its first credit rating downgrade in 15 years after New York- based Fitch Ratings lowered the country’s credit outlook to stable from positive due to the economic fallout from the coronavirus disease 2019 or COVID-19 pandemic. Fitch said the […]
Read MoreDespite the 21 percent decrease in FDI decrease in Q1, Kizuna, which leases ready-made workshops in Long An province, is still moving ahead with its plan to expand production. The company is hurrying to implement Kizuna – Ready Serviced Space project in Kizuna 3 area in Can Giuoc district. Once completed, the 80,000 square meters […]
Read MoreSales of instant noodles are expected to surge by over 15% this year, boosted by panic buying after the coronavirus outbreak. Vathit Chokwatana, president of Saha Pathanapibul Plc, the distributor of Mama instant noodles, said demand for noodles in sachet and cup packaging grew by 20% and 10% respectively in the first quarter. He forecast […]
Read MoreMANILA, Philippines — The number of international visitor arrivals is projected to further decline by up to 78 percent this year due to the coronavirus disease or COVID-19 pandemic as arrivals already fell 22 percent in the first quarter, the United Nations World Tourism Organization (UNWTO) said. Data from the UNWTO World Tourism Barometer show […]
Read MoreInflated logistics costs were hampering the competitiveness of Vietnamese goods, according to Chairman of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang. Vietnam’s logistics costs were 6 percent higher than Thailand, 7 percent higher than China, and 12 percent more than o Malaysia, Giang said. This had reduced the competitiveness of domestic textile […]
Read MoreThai Airways International (THAI) workers’ union wants to join the state’s last-ditch efforts to save the airline from bankruptcy but called for a more active role in the rehabilitation process. The union, which represents 20,000 employees, stressed the need for it to participate more after learning about multiple restructuring proposals ranging from a reduction of […]
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Thailand
