International arrivals may be as low as 500,000 this year as Thailand’s third-quarter prospects remain gloomy, according to the Tourism and Sports Ministry. Despite the uncertain outlook, the creation of new “blue zones” has been devised to lure local and international travellers to safe tourism areas. “If the ongoing outbreak continues past September, the total […]
Read MoreKUALA LUMPUR: Moody’s Investors Service expects Asia-Pacific’s economic activity likely will rebound strongly in 2021 and 2022 as compared with recent performance. In its report on Tuesday, it pointed out however, region’s overall output will likely fall short of pre-pandemic forecasts by 2023 because of deep economic scars from the pandemic. The rating agency said […]
Read MoreMANILA, Philippines (Update 1, 10:22 a.m.) — The Philippine Statistics Authority reported that jobless rate was steady in June, but looming harsh lockdowns in Metro Manila could throw a spanner in the works. In a briefing, National Statistician Claire Dennis Mapa reported there were 3.76 million people who were either unemployed or out of business in June, higher […]
Read MoreThe fourth wave of Covid-19 led to a further disruption in the country’s manufacturing sector in July, with production output falling at the fastest pace since April 2020. Rates of decline in output and new orders quickened from the previous month and employment was down sharply amid reports of temporary company closures and social distancing […]
Read MoreThe Cambodia Securities Exchange (CSX) did not anticipate the curfew to adversely impact market action. CSX Director Kim Sophanita told Khmer Times last week, “I think the recent decision to institute curfews and lockdowns will not have any negative impact on the capital market given that it is temporary and isolated to eight provinces close to the […]
Read MoreWhile the prolonged Covid-19 outbreak has raised fresh concerns over a labour shortage in the industrial sector, most executive members of the Federation of Thai Industries (FTI) expect less than 30% of production may be affected. They voiced their concerns in the FTI’s latest CEO survey which interviewed 166 executives across 45 industries in July […]
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