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Thailand – FTI: Revival pledge boosts confidence

Prime Minister Prayut Chan-o-cha’s controversial goal to reopen virus-battered Thailand within 120 days will help boost business confidence, even if there is a risk of more Covid-19 infections, says the Federation of Thai Industries (FTI). The premier announced on Wednesday, “it is time to jointly take a risk that is well-assessed and manageable” for the […]

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Vietnam air carriers in danger of bankruptcy, faces risk of being sued because of big debts

Vietnam Airlines is in an extremely difficult situation as it continues incurring losses. Private airlines, including Vietjet Air and Bamboo Airways, have also been affected financially. The Ministry of Planning and Investment (MPI) said that the Covid-19 pandemic has caused the air transport market to seriously decline. Air transport demand has decreased by 34.5-65.9 percent […]

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Guangdong’s Zhanjiang port halts Cambodian frozen seafood imports

A shipping port in southern China has temporarily halted the import of frozen seafood from Cambodia due to the port’s recently reduced capacity because of newly implemented Covid-19 prevention measures. Zhanjiang, the port located in southern Guandong province, will also stop importing frozen seafood from Vietnam, India, Pakistan, Bangladesh, Newpal, Bhutan, Myanmar, Laos, Thailand and […]

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Philippines global competitiveness ranking worst in five years

MANILA, Philippines — The Philippines slipped seven notches in the global competitiveness ranking, the sharpest drop in Asia-Pacific and its poorest performance over the last five years, as the country’s mediocre pandemic response led to an economic deterioration, the worst in several decades. Based on the World Competitiveness Ranking 2021 of Switzerland-based Institute for Management […]

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