MANILA, Philippines — The International Monetary Fund (IMF) now expects a slower economic recovery for the Philippines this year as it slashed its gross domestic product (GDP) growth forecast to 5.4 percent amid delays in vaccinations and the resurgence of COVID-19 cases. IMF mission chief Thomas Helbling said in a virtual press briefing that the […]
Read MoreEight business sectors, including hospitality services, retail, garment, car manufacturing, agriculture, logistics, aviation, and IT are facing an unprecedented crisis. Up to 90% of tourism companies were forced to suspend operations, making the aviation industry facing financial challenges with the national flag carrier Vietnam Airlines at risk of bankruptcy. The Ministry of Planning and Investment […]
Read MoreASEAN ACCESS, an online portal that has spent almost two years in development and hopes to connect millions of small and medium-sized businesses across the region to international markets, launched on Wednesday at a virtual ceremony attended by ASEAN and regional business leaders. The website will serve as a matchmaking platform for small and medium-sized […]
Read MoreThe “tsunami” of hotels shutting down during this surge is having the biggest impact on workers, especially those working in low-level positions. As the Covid-19 pandemic continues to develop complicatedly across the country and severely affect the hotel industry, even hotels that persevered for over a year with hardly any guests have eventually resigned to […]
Read MoreAs vaccinations gather pace in many countries, the global tourism industry is starting to see a glimmer of hope as leading destinations start to gradually remove mandatory quarantine and ease travel regulations. However, these attempts are no beds of roses as some countries have yet to find the right formula as seen in the prelude […]
Read MoreThe stock market of Vietnam is bustling with banking and securities stocks as the backbone, as the potential of banking stocks is attracting the attention of foreign investors. After a series of gaining sessions in May and early June, which helped the stock market rise to historic peaks, the prices for banking stocks slowed down […]
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Thailand
