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Cambodia: World Bank optimistic about economy

The Cambodian recovery is beginning to take shape with the World Bank projecting that the economy will “expand moderately in the short-term”. The Kingdom’s economy contracted 3.1 percent last year and is forecast to grow by 4 percent this year under baseline conditions, according to the World Bank. Economic growth will be buoyed by increased […]

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Singapore preparing road map for living with Covid-19

[SINGAPORE] Singapore will prepare its population to deal with Covid-19 as part of their daily lives and people will be able to work, travel and shop without quarantines and lockdowns, even with the coronavirus in their midst. With enough people vaccinated, Covid-19 will be managed like other endemic diseases such as the common flu and […]

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Malaysia: Diverse exports to mitigate lockdown impact

KUALA LUMPUR: Malaysia’s diverse export destinations and products should help to mitigate the impact of a prolonged national lockdown through the end of June, according to Moody’s Investors Service. Malaysia imposed a nationwide lockdown since June 1 after daily Covid-19 cases hit 8, 000. From an initial two weeks, it was extended for another two […]

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Thailand: Pata predicts complete recovery by 2023

International arrivals for Thailand are estimated to remain flat this year, assuming the country can reopen in October, while recovery to 2019 levels might not happen until 2023 under the best-case scenario, according to the Pacific Asia Travel Association (Pata). Liz Ortiguera, Pata’s newly-appointed chief executive, said international arrivals are most likely expected to stay […]

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