MANILA, Philippines — Ayala-led Bank of the Philippine Islands (BPI) expects the country’s economic contraction to slowdown further in the first quarter amid the expected recovery this year. BPI lead economist Jun Neri said the country’s gross domestic product (GDP) would contract at a slower pace of two percent in the first quarter from 8.3 […]
Read MoreThailand is eyeing plans for vaccine passports and quarantine waivers as the global Covid-19 inoculation drive gathers pace. Prime Minister Prayut Chan-o-cha this week ordered officials to look into vaccine certificates for international travel after signaling the country is open to scrapping the two-week quarantine for inoculated visitors. The local tourism industry wants mandatory quarantines to […]
Read MoreKUALA LUMPUR, March 5 — Malaysia needs to transform into a global exporting player, grow its manufacturing capabilities and create its homegrown multinational companies (MNCs) to break out of the middle-income trap, said Prime Minister Tan Sri Muhyiddin Yassin. According to the prime minister, in the decade before the 1998 Asian Financial Crisis, Malaysia’s cumulative […]
Read MoreMANILA, Philippines — The Philippine Ports Authority (PPA) expects a recovery in cargo traffic this year after volume plunged by 13.5 percent last year, but its return to pre-pandemic levels is not seen in the short-term. Cargo volume fell to 230.43 million metric tons (MMT) last year from 266.42 MMT in 2019, PPA general manager […]
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