YANGON (BLOOMBERG) – Myanmar is battling a plunging local currency amid an unprecedented United States dollar shortage, driving up the cost of imports and worsening the economy’s struggle with dual challenges of the pandemic and post-coup financial isolation. The kyat has tumbled about 50 per cent since the military seized power in February which triggered a freeze on […]
Read MoreThailand’s franchise industry is likely to contract by as much as 20% this year as the government’s tight restrictions to contain Covid-19 infections have dampened business activities for the sector. Boonprasert Pupan, president of the Franchise & License Association, said the franchise market is expected to shrink by 10-20% to 270-280 billion baht this year. […]
Read MoreThe reopening of the economy has begun with the principle ‘reopening the doors anywhere it’s safe’. Hanoi and some northern provinces, HCM City and some southern provinces, and the central region have step by step loosened and removed lockdowns, while applying reasonable pandemic control measures. People’s life and production, trade and tourism activities have entered […]
Read MoreTourists are starting to return across the region, putting pressure on Cambodia to re-open its doors to foreign visitors. Prime Minister Hun Sen is considering dropping national restrictions and border controls, depending on whether Covid-19 remains under control following last week’s three-day Pchum Ben holiday. Many Cambodians had the full week off and toured the […]
Read MoreMANILA, Philippines — The country’s labor market is slowly shifting to a “less bad” situation as the economy reopens but private consumption remains a drag in the overall recovery, a global think tank said. In its latest economic monitor, UK-based Pantheon Macroeconomics said there are still some upsides even as the local job market has […]
Read MoreThe Board of Investment (BoI) approved incentives yesterday to encourage entrepreneurs to accelerate upgrading their production and machinery to “Industry 4.0” standards. Speaking after a BoI meeting chaired yesterday by the prime minister, BoI secretary-general Duangjai Asawachintachit said the incentives approved include a three-year corporate income tax exemption covering 100% of investment for Industry 4.0 […]
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Thailand
