MANILA, Philippines — The lingering pandemic was less damaging to the economy in the first quarter than originally reported, state statisticians said Monday. Gross domestic product shrank at an annualized rate of 3.9% in the first three months, softer than preliminary 4.2% on-year collapse reported last May. The latest figure takes into account a larger […]
Read MoreFood processors have asked the Internal Trade Department to raise the prices of processed food by 5-7%, citing high production costs from raw materials, packaging and labour. Visit Limlurcha, president of the Thai Food Processors Association and vice-chairman of the Thai Chamber of Commerce, said Thai food processors face higher production costs given the rising […]
Read MoreStagnant business and production activities as a result of the impact of Covid-19, increased pressure over delivery to partners, and high transport costs are threatening the supply chains of the apparel sector. “The supply chain of the apparel sector is nearing paralysis. If the situation does not improve, the prestige of Vietnam’s apparel sector will […]
Read MoreKUALA LUMPUR: The value of construction work done in the second quarter of this year (2Q21) increased by 42.6% to RM28.20bil from a year ago but showed a decline from the first quarter due to the restrictions imposed due to the Covid-19 pandemic. The value fell by 10.5% in 2Q from the RM31.4bil in 1Q, […]
Read MoreBilateral trade between Cambodia and the US remained resilient in the first half of 2021, clocking in at $3.8402 billion, or a 32.8 per cent surge from the $2.8917 billion booked in the same period last year, despite the profound implications of the Covid-19 pandemic on international trade and the magnitude of uncertainty shocks in […]
Read MoreMANILA: The Philippines’ central bank will keep its accommodative monetary policy plans for as long as needed to ensure a strong and sustainable economic recovery from the coronavirus pandemic, its governor said on Monday. Bangko Sentral ng Pilipinas Governor Benjamin Diokno also said he expects a “strong recovery” in the second quarter after a contraction […]
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Thailand
