MANILA, Philippines — Philippine economic recovery from the coronavirus pandemic is expected to be slower than its peers in Southeast Asia, according to US-based investment bank Citigroup. Johanna Chua, managing director and head of Asia Pacific economy and market analysis at Citigroup, said it would take the Philippines until 2022 to recover from the pandemic. […]
Read MoreKUALA LUMPUR: Bank Negara Malaysia’s Monetary Policy Committee (MPC) kept the Overnight Policy Rate (OPR) unchanged at 1.75% during its meeting on Wednesday. It said in a statement for Malaysia, the resurgence in Covid-19 cases and the introduction of targeted containment measures had affected the recovery momentum in the fourth quarter of 2020. “As a […]
Read MoreThe Federation of Thai Industries (FTI) has proposed five measures to increase liquidity for small and medium-sized enterprises (SMEs) under the state’s 500-billion-baht soft loan programme in a fresh move to relieve the impact of the ongoing outbreak that has caused a drop in the Thailand Industrial Sentiment Index (TISI) for the first time in […]
Read MoreVietnam hopes to send 90,000 guest workers abroad in 2021, targeting markets that secure high and stable incomes. Last year, more than 78,600 workers were sent abroad, accounting for 112.3 percent of the adjusted plan due to COVID-19. Of the total, 38,891 worked in Japan, 34,537 in China’s Taiwan, and 1,309 in the Republic of […]
Read MoreA new study by the Asian Development Bank (ADB) suggests that Cambodia should consider developing industry transformation maps in key sectors and plan for adequate investment in skills development for new and repositioned jobs in order to enable the Kingdom’s transition to the fourth industrial revolution (4IR). The finding is one of six key recommendations […]
Read MoreThe Tourism and Sports Ministry expects the 300-baht tourism fee collected from foreign visitors this year to establish a tourism fund to assist the battered industry. Phiphat Ratchakitprakarn, the tourism and sports minister, said the fund is vital for Thai tourism, allowing operators to access financial support from this budget immediately in the face of the […]
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