MANILA, Philippines — The government needs to open up public transportation to reduce the cost of mobility, especially in Metro Manila, as economists yesterday warned inflation may shoot up to seven percent within the year. Former socioeconomic planning secretary Ernesto Pernia said the Philippines may experience the same inflation rates it endured in 2018 if […]
Read MoreThe number of Covid-19 cases in Phuket must reach zero before it reopens to foreign tourists on July 1 as scheduled under the sandbox scheme, says Phiphat Ratchakitprakarn, the tourism and sports minister. The government is also planning to initiate a plan to collect 300 baht from foreign tourists starting next January to set up […]
Read MoreMALAYSIA’S first-quarter growth may not have been hit that hard by reimposed movement curbs at the start of the year, and the latest restrictions look to be relatively forgiving as well, said economists this week. Barclays economist Brian Tan said: “Our Q1 estimate suggests the economic recovery continued despite the imposition of the so-called Movement […]
Read MoreThe General Statistics Office’s report on Vietnam’s employment situation over Q1 of 2021 has uncovered the breadth and depth of the pandemic’s effects, despite the impressive work carried out to keep the coronavirus away from its people. High determination and great efforts to fulfil the dual goal of containing the spread of the pandemic and promoting economic […]
Read MoreMoody’s Investors Service is warning Cambodia’s credit rating may be in jeopardy because the Kingdom is significantly more vulnerable to climate-based economic risks than other countries. “EMs [emerging markets] in [Asia-Pacific] stand out for their exposure to flood risk, which is highest in Cambodia, the Philippines and Thailand,” the rating agency said. Of the three […]
Read MoreMANILA, Philippines — Trade soared to its highest level in 17 months in March, buoyed by a record export performance and nascent import growth that nonetheless failed to convince economists external activity had finally turned a corner. External trade grew 22.5% year-on-year to $15.78 billion in March, the largest since the $16.26 billion worth of shipments recorded […]
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Thailand
