Employment remains well below 2020 levels while productivity levels contract further and job quality deteriorates. BANGKOK, Thailand (ILO news) – Myanmar remains deeply affected by heavy job losses 18 months after the military takeover on 1 February 2021 and two and a half years into the global pandemic, according to new estimates released by the […]
Read MoreMANILA, Philippines — The economy likely sustained the strong economic rebound in the second quarter with a gross domestic product expansion of between eight and nine percent after a stronger-than-expected GDP growth of 8.3 percent in the first quarter, according to Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla. “Probably eight or nine percent,’’ he […]
Read MoreThe Cambodian government’s stimulus packages of $665 million in total have mitigated the impact of Covid-19 pandemic on the country’s gross domestic product (GDP), unemployment rate, household income, consumption and poverty rate, according to a new research report. The government rolled out rapid cash transfers for the first time in June 2020 among other stimulus […]
Read MoreBustling commuters, traffic gridlocks and crowded shopping malls have become more common in the third quarter following the country’s reopening in June, fuelling hopes that Thailand is now getting back on its feet. But concerns have been raised about various pressing problems that could potentially undermine the country’s path towards recovery, including rising inflation rates, […]
Read MoreThrillist, a New York-based travel site, has named Lan Ha Bay near the northern coastal city of Hai Phong as the top Vietnamese destination in its list of the most beautiful places to visit in every Southeast Asian country. According to details given by writer Kastalia Medrano, the floating village of Cat Ba Island, which […]
Read MoreMANILA, Philippines — The government slashed its borrowings in the first semester to just a little over P1 trillion as the economy continues to recover from the pandemic. Latest data from the Bureau of the Treasury showed total borrowings from January to June dipped by 45 percent to P1.07 trillion from P1.93 trillion in 2021. […]
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