Better regulations are expected to come into play to facilitate the growth of Vietnam’s e-commerce logistics sector. The rapid growth of e-commerce is driving unprecedented demand for e-commerce logistics services in Vietnam. However, the growth of the sector is constrained by regulatory obstacles that impede competition in this industry, reducing efficiency and driving up costs […]
Read MoreTravel agents, airport operators and airlines all say they are ready to cope with an influx of foreign visitors safely and efficiently. All they need is a reopening date from the Cambodian government. Industry representatives welcomed last Friday’s comments by Prime Minister Hun Sen that Cambodia should consider a seven day quarantine for fully-vaccinated tourists. […]
Read MoreMANILA, Philippines — The Asian Development Bank (ADB) has retained its 2021 economic growth outlook for the Philippines at 4.5 percent, but warned of continued downside risks from more transmissible COVID variants that may lead to fresh spikes in cases and lockdown measures. In its Asian Development Outlook 2021 Update released yesterday, the Manila-based multilateral […]
Read MoreDomestic car sales tumbled 38.8% in August from a year earlier as stricter coronavirus containment measures hit economic activity, the Federation of Thai Industries (FTI) said on Thursday. However, the curbs, imposed in July and August, have been eased this month, which the FTI said should boost car sales later this year. In August, sales […]
Read MoreBy Ronnie Harui SINGAPORE–Singapore’s consumer prices rose in August, driven by firm increases in the costs of food, housing, transportation and utilities. The consumer-price index in August climbed 2.4% from a year earlier, the country’s Department of Statistics said Thursday. That compared with the median estimate for a 2.35% rise in a Wall Street Journal […]
Read MoreThe Asian Development Bank (ADB) has slashed its forecast for Cambodian gross domestic product growth (GDP) this year to 1.9 percent. That compares with its April forecast of 4 percent growth and last year’s economic contraction of 3.1 percent. The ADB left next year’s forecast of 5.5 percent growth unchanged. The bank says the prolonged […]
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Thailand
