MANILA, Philippines (Update 1, 11:14 a.m.) — Fresh restrictions imposed in August to curb the spread of hyper-contagious Delta variant threw more people into unemployment during the month. There were 3.88 million people who were either unemployed or out of business in the Philippines in August, up from 3.07 million in July, results of a survey of […]
Read MoreThe International Monetary Fund says Cambodia’s gross domestic product (GDP) will grow 2.2 percent this year, down from a previous forecast of 4.2 percent annual growth. GDP was minus 3.1 percent last year after average annual growth of 7 percent in previous years. “Although activity showed signs of picking up toward the end of 2020, […]
Read MoreTourism operators in flood-hit provinces are urging the government to help resolve the flooding before the domestic subsidy campaigns start next month. Wiwat Tharawiwat, president of the Thai Hotels Association’s lower northern chapter, said prior to the flooding, the occupancy rate for 150 hotels in Sukhothai was in the single digits because of travel restrictions […]
Read MoreKUALA LUMPUR, Sept 30 — Malaysia’s economy is expected to rebound in 2022, in line with the expected recovery in the global economy throughout the second half of 2021 and into next year, particularly as more countries step up their vaccination efforts. In the second Fiscal Policy Committee (FPC) meeting, the Ministry of Finance (MOF) […]
Read MoreThe government is preparing to roll out various projects to drive the economy based on its Thailand 4.0 policy, aiming to cooperate with the private sector to grow startups to reach the unicorn level, says Chaiwut Thanakamanusorn, the digital economy and society minister. He was speaking during the final round of ‘Spark Ignite 2021 – […]
Read MoreData released by the General Statistics Office of Vietnam on September 29 showed that the gross domestic product (GDP) in the third quarter of 2021 decreased by 6.17% year on year, the biggest drop since Vietnam began publishing its quarterly GDP. Specifically, the agriculture, forestry and fishery sectors increased by 1.04%; the industry and construction […]
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