MANILA, Philippines — The Philippines is projected to import more rice next year to meet the rising demand for the commodity, according to the United States Department of Agriculture (USDA). In its latest monthly global grain report, the USDA said the Philippines is expected to import a total of 2.1 million metric tons (MT) of […]
Read MoreDespite continued outbreaks of Covid-19, foreign direct investment (FDI) is thriving, with applications in the first quarter surging 143% year-on-year in investment value. Narit Therdsteerasukdi, deputy secretary-general of the Board of Investment (BoI), said net applications filed for FDI in the period totalled 191 projects, down 17% from 231 year-on-year. However, investment value increased by […]
Read MoreThailand’s GDP growth is forecast at 2.5% this year, assuming the government maintains stringent measures to contain new Covid-19 infections until February, says Krungthai Compass. The research house under Krungthai Bank estimates the domestic economic growth outlook under two scenarios based on the coronavirus outbreak impact. The government’s stringent measures to contain the contagion, especially […]
Read MoreWhile economic growth in the Lao PDR contracted in 2020 for the first time in over two decades, the economy is set to recover in 2021 and in the medium term, provided the impact of the COVID-19 pandemic is contained and business can resume with trading partners, according to a World Bank report released today. […]
Read More“E-MONEY” and interbank transfers are duking it out in the region, as their growth outstrips that for debit and credit cards, a report projected on Thursday. Card payments declined in 2020, with transactions having shrunk as retail activity dimmed during Covid-19 and banks slowed card issuances. Amid stiff competition, tech firms are now turning from […]
Read MoreHCM CITY — Southeast Asia’s economic growth will rebound to 6.2 per cent in 2021 with Vietnam achieving 8 per cent growth, according to the latest economic outlook report from Oxford Economics commissioned by chartered accountancy body ICAEW. GDP across the region contract by 4.1 per cent in 2020, with countries that had been successful in controlling the pandemic like Việt Nam and Singapore leading the recovery. […]
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