MANILA, Philippines — The electronics sector, the country’s top exporter, is expected to sustain its growth momentum until next year even with global trade bottlenecks as economies recover. In its weekly economic preview, market intelligence firm IHS Markit said global demand for electronic products continues to witness strong rebound following a slump last year. The […]
Read MoreTourism operators anticipate lukewarm travel sentiment as concerns over Covid-19 and weak purchasing power remain key obstacles for domestic trips despite the subsidy generating an additional 2-million room nights. “Domestic tourism reached its peak last November, thanks to low infection rate and improving travel mood driven by many marketing campaigns and government stimulus schemes, but […]
Read MoreThe country still faces several obstacles to fully unlocking the benefits of digital technologies. Digital transformation can unlock VND1.7 trillion (US$74 billion) worth of annual economic value in Vietnam by 2030, equivalent to about 27% of the country’s GDP in 2020. It is the predication stated in the latest report “Unlocking Vietnam’s Digital Potential” conducted by […]
Read MoreMANILA, Philippines — The International Monetary Fund (IMF) expects a shallower recovery for the Philippines in the second half due to the resurgence of COVID cases. Malhar Nabar, head of the World Economic Studies Division at IMF, told participants at the press briefing during the recently concluded Annual Meetings of the World Bank Group and […]
Read MoreAFP – Asian markets struggled yesterday as inflation concerns returned to the fore, with commodity prices rallying and central banks preparing to roll back their ultra-loose monetary policies. Adding to the grey mood was data showing growth in China’s economy, the world’s second-biggest, slowed further in the third quarter, hit by a property-sector crisis and a […]
Read MoreNon-garment exports clocked in at $3.3794 billion in the first nine months of 2021, surging by $1.140 billion or 50.9 per cent year-on-year, the General Department of Customs and Excise of Cambodia (GDCE) reported. In a press release on the minutes of a GDCE meeting last week, the department listed major non-garment exports as bicycles, […]
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Thailand
