MANILA, Philippines — The Philippines is likely to achieve herd immunity only in 2023 as the resurgence of COVID-19 infections over the past few months threatens the recovery from the pandemic-induced recession, according to Moody’s Analytics. In a report, Moody’s Analytics chief economist Steven Cochrane said there is much uncertainty about the outlook for the […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has said that Thailand can expect a drop in GDP of 0.5% to 1% if the government is able to control the new Covid-19 wave by April or May, respectively. Despite a slight decrease of daily infections from the record-high 1,767 cases last Sunday to […]
Read MoreCambodia on Monday, forecasted that global tourist arrivals to the Kingdom in 2021 would drop by another 70 percent because of the continuing impact of coronavirus. The country’s Ministry of Tourism stated in its report “For 2021, due to the prolonged impact of COVID-19, Cambodia’s tourism is projected to continue to drop by another 60 […]
Read More(Bloomberg) — Bank Indonesia is expected to keep its benchmark interest rate unchanged for a second straight month as volatility in global financial markets continues to weigh on the nation’s currency. All 35 economists surveyed by Bloomberg say Bank Indonesia will keep its seven-day reverse repurchase rate at a record low of 3.5% on Tuesday. […]
Read MoreWith expectation to develop into a leading digital economy in Southeast Asia over the next decade, Vietnam is also witnessing a strong inflow of high-tech investment swelling performance in the region. Since last year when Vietnam acted as ASEAN chair, the country has set out a goal of boosting and cementing digitalisation among ASEAN member […]
Read MoreMoody’s Analytics sees rising Covid cases, vaccine shortage as key reasons The Philippines will be one of the weakest performers in the Asia-Pacific region this year as the country struggles to contain the spread of coronavirus disease 2019 (Covid-19) and faces a severe vaccine shortage, Moody’s Analytics said. In a report released on Monday, Moody’s […]
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