MANILA, Philippines — The Philippines is expected to pick up its economic momentum in the last quarter of the year as restrictions are eased, but this will not be enough to pull off a strong rebound as the government had projected. In an email to The STAR, Makoto Tsuchiya, assistant economist at Oxford Economics, said […]
Read MoreAirAsia Group is looking to Cambodia for potential expansion of its airline business, according to Bo Lingam, head of its new AirAsia Aviation Ltd holding company. AirAsia Aviation will combine its four airlines in Malaysia, the Philippines, Thailand and Indonesia as part of a group-wide business reorganisation to differentiate between its airline business and the […]
Read MoreBefore the pandemic, Bangkok was undoubtedly a top global tourist destination, with an inexpensive cost of living and plenty of accommodation on offer. The capital welcomed 66.9 million visitors in 2019, including 24.8 million foreigners, drawing in 1 trillion baht from them that year. From 2020 to 2021, arrivals in the capital slumped because of […]
Read MoreDang Trong Ha, 27 years old, from central province of Nghe An, moved to southern Dong Nai Province in April with the hope of finding a well-paid job. He had no idea COVID-19 would strike the region and leave workers like him jobless and stuck at home for months. After losing his job at a […]
Read MoreMANILA, Philippines — Raising interest too soon due to increasing inflation pressures is seen to do more harm than good, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno. Diokno, in a Viber message to reporters, said the uptick in inflation this year to 4.5 percent, higher than the BSP’s two to four percent […]
Read MoreThe central bank said on Monday there was high uncertainty facing the economy and monetary policy would remain accommodative to support a recovery from the country’s most prolonged outbreak of the coronavirus. The Bank of Thailand (BoT) has forecast economic growth of 0.7% this year, bottoming out in the third quarter and growing 3.9% in […]
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