MANILA, Philippines — The economy has to expand by around seven percent in the fourth quarter to hit the upper end of government’s revised growth forecast for the year, finance officials said. Finance Secretary Carlos Dominguez yesterday said the economy, as measured by the gross domestic product (GDP), needs to grow in the seven percent […]
Read MoreShopping centers are having a moment, propelled by increased foot traffic to grocery stores, curbside pickup and population shifts that favor suburban shopping. Landlords filled 17 million square feet of additional real-estate space in open-air shopping centers last quarter, a 49% increase from 2019, according to commercial real-estate services firm CBRE Group Inc. That marks […]
Read MoreMANILA, Philippines — The Filipino youth and women endured much of job losses caused by the coronavirus pandemic in the Philippines, a new report from the Asian Development Bank revealed. As it is, the country’s workforce, where millions were left unemployed as a result of the economic downturn from the pandemic, has yet to recoup […]
Read MoreDeep digitalisation and transformation are the keys to speeding up Thailand’s recovery from the pandemic, says the World Bank. Speaking at a virtual event, “Thailand Economic Monitor. Living with Covid in a Digital World”, Ndiame Diop, World Bank country director for Brunei, Malaysia, Philippines and Thailand, emphasised the importance of deep digitalisation. He said the […]
Read MoreThe Vietnamese dong has appreciated by around 2 percent against the US dollar in the last eleven months of this year. It is now to be seen whether this trend will continue in the coming year or not. Increase in remittances In November this year, the US dollar climbed to a 16-month high when the […]
Read MorePrime Minister Hun Sen called on vehicle owners who have yet to pay any applicable import taxes or related fees due to do so before December 31, in order to benefit from tax breaks currently on offer. The prime minister made the announcement while presiding over the inauguration of the Hyatt Regency Phnom Penh hotel […]
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