Asia-Pacific economies will outstrip their global peers this year and next, according to Moody’s Investors Service. But the rebound masks deep scars from the Coronavirus pandemic, according to the world’s biggest ratings company. “We forecast about 30 percent of APAC economies will face a modest degree of scarring, experiencing an output decline of between 2 […]
Read MoreMANILA, Philippines — The reimposition of stricter lockdown and quarantine measures in the National Capital Region (NCR) starting Friday could further dampen the recovery prospects of the Philippines from the pandemic-induced recession, according to Moody’s Investors Service. In a virtual media roundtable, Moody’s senior vice president Christian de Guzman said the reimposition of enhanced community […]
Read MoreThe Garment Manufacturers Association in Cambodia (GMAC) is welcoming new investments in one of the Kingdom’s pillar industries as new variants and outbreaks lead to a string of downgrades in economic projections. The Council for Development of Cambodia (CDC) announced yesterday that it had approved two new projects worth a combined $8.5 million that will […]
Read MoreBANGKOK/KUALA LUMPUR: Fresh outbreaks of the Delta coronavirus variant in Southeast Asia have crippled its factory sector, disrupting global supplies of goods such as rubber gloves, semiconductors and SUVs and threatening the US$3 trillion region’s recovery. A series of factory surveys this week showed business activity across most Southeast Asian economies fell sharply in July, […]
Read MoreVietnam has overtaken Bangladesh as the second-biggest garment exporter, according to the latest data released by the World Trade Organization (WTO). Bangladesh had been the world’s second-largest garment exporter since 2010, according to World Trade Organization (WTO) rankings. However, Bangladesh has lost its rank to Vietnam after the latter sold $29 billion worth of apparel […]
Read MoreInvestor confidence has plunged to its lowest level in nine months and is now bearish amid concerns over Thailand’s worsening pandemic and economic contraction, according to a new survey. Paiboon Nalinthrangkurn, chairman of the Federation of Thai Capital Market Organizations (Fetco), said the Investor Confidence Index (ICI) in July, which anticipates market conditions over the […]
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