The Philippine economy contracted for the first time in more than two decades during the first quarter, but officials warned Thursday that the worst was likely yet to come as the nation reels from the coronavirus pandemic. Gross domestic product shrank 0.2 percent in January-March, its worst performance since 1998 during the Asian financial crisis […]
Read MoreCambodia exported 186,205 tonnes of cashew nut to foreign markets in the first four months of this year, according to a report from the Ministry of Agriculture, Forestry and Fisheries. The nuts was exported to markets in Vietnam, Japan, Russia, China, and Hong Kong. Cashew nuts are one of the crops commonly grown in Cambodia […]
Read MoreFrom Facebook groups to hyper-local delivery services, street food chefs in Thailand and elsewhere in Southeast Asia are cooking up creative ways to sell their wares as they struggle to survive during the coronavirus pandemic. The region is known for exotic treats often enjoyed at chairs and tables by the roadside, from mango sticky rice […]
Read MoreChina Good Cars Holding Ltd. has unveiled a US$160-million-worth investment project in a parking lot for heavy vehicles in Phnom Penh – aiming to contribute to reducing traffic congestion in the capital. In a meeting with H.E. Sun Chanthol, Senior Minister and Minister of Public Works and Transports on May 5, representative of China Good […]
Read MoreCovid-19 has had a minimal impact on the apartment market to date, yet it has caused unusual effects and even some short-term benefits. As most apartments are based on yearly contracts, it is a case of delayed impact rather than no impact, where occupancy and rental income could drop from the second quarter of 2020 […]
Read MoreThe share of the Philippines’ national debt to its overall economy is likely to jump in 2020, according to Capital Economics. In a report on Monday night, the London-based research consultancy firm estimated that the country’s debt-to-gross domestic product (GDP) ratio could hit 50 percent this year. The outlook compares with the Philippines’ revised debt-to-GDP […]
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