The Philippine and Malaysian economies continued contracting in the first three months of the year, adding to signs that some of Southeast Asia’s biggest nations are struggling amid a resurgence in coronavirus cases. The quarterly figures released Tuesday — which came in below all forecasts for the Philippines — add to recent weaker signals from […]
Read MoreGlobal supply chains will turn to Vietnam, India and Turkey for more diverse sourcing. US and other global buyers continue to choose Vietnam as one of the leading sourcing countries this year as they are seeking to diversify their buying away from China. The latest report, conducted by Qima, a provider of supply chain compliance […]
Read MoreMANILA, Philippines — Moody’s Analytics has further slashed the projected gross domestic product (GDP) growth of the Philippines to five instead of 6.3 percent this year due to the imposition of strict lockdown and quarantine measures amid the resurgence of COVID-19 infections. Shahana Mukherjee, economist at Moody’s Analytics, said the country’s GDP likely contracted by […]
Read MoreNearly 20,000 domestic trips were made across the Kingdom in the first weekend after the government ended a lockdown in Phnom Penh and Kandal province’s Takmao town at the onset of May 6, Minister of Tourism Thong Khon said on May 10. Tourism ministry figures show that Cambodians and visitors made 19,492 and 217 domestic […]
Read MoreKUALA LUMPUR: Malaysia remains on track to achieve the forecast Gross Domestic Product (GDP) growth of between 6.0 per cent and 7.5 per cent in 2021, Bank Negara Malaysia said on Tuesday. Governor Datuk Nor Shamsiah Mohd Yunus said the growth would be reinforced by the recovery in domestic demand as the index of retail […]
Read MoreThe cabinet on Tuesday approved 45 billion baht of projects aimed at reviving the economy, the prime minister said, as the tourism-reliant country struggles with a third wave of coronavirus infections. The projects would improve the local economy and community, Gen Prayut Chan-o-cha told reporters, without giving further details. It follows an economic relief package […]
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