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Philippines: Despite Delta threat, biz group says new lockdown ‘not needed’ at this time

MANILA, Philippines — A “knee-jerk” imposition of fresh restrictions in Metro Manila and nearby areas would be extremely damaging to the economy, the country’s largest business group said, as it denies endorsing renewed lockdowns to curb the spread of the Delta variant. In a Thursday morning statement, the Philippine Chamber of Commerce and Industry (PCCI) […]

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Trading bounce for Bursa Malaysia

KUALA LUMPUR: The local bourse is hopeful of higher trading activity as the economy re-opens with the National Recovery Plan, said Bursa Malaysia Bhd chairman Tan Sri Abdul Wahid Omar. Abdul Wahid noted that in July, the average daily trading value (ADV) dropped to RM3bil compared with RM4.4bil in the first half of 2021. “This level is […]

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Thailand: Phuket to press on with sandbox

Phuket will persevere with its Phuket Sandbox tourism reopening scheme, despite escalating challenges associated with the rise in new Covid-19 infections, mostly infected locals who transferred from other provinces to receive treatment. “I insist the Phuket Sandbox will continue as what has happened still doesn’t affect the scheme,” said provincial governor Narong Wunsiew. Most of […]

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‘Slow pace of vaccinations threatens ASEAN recovery’

Slow vaccination rates and the emergence of the Delta variant of the Coronavirus has forced Moody’s Analytics to revise its gross domestic product (GDP) forecasts for three ASEAN nations. The agency said that the highly contagious new variant is threatening the economic recovery anticipated in the second half of 2021. Moody’s cut its forecast for […]

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Cambodia: Corn exporters to Thailand confronted with new rules

The General Directorate of Agriculture has called on exporters and importers of red corn to comply with Thailand’s new requirements concerning cross-border commercial activities. The directorate cited letter No AC: 0914/1629 dated April 20 issued by the Thai Ministry of Agriculture and Cooperatives’ Department of Agriculture, which it said outlines new conditions for the export […]

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Vietnam: Buses sell vegetables around HCM City

Unable to transport passengers due to the COVID-19 pandemic, some bus operators in HCM City have now begun to use their vehicles for selling vegetables and other essential goods. Bao Yen Construction Services Tourism Co’s five buses now travel around the city selling vegetables and other items, helping increase supply amid the closure of scores […]

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