MANILA, Philippines — The stricter lockdown measures aimed to slow the spread of the more infectious COVID Delta variant pose serious challenges to the economy and the labor market, a Department of Finance official said. Finance Undersecretary and chief economist Gil Beltran said the imposition of enhanced community quarantine (ECQ) in the National Capital Region […]
Read MoreThai rice exports are expected to continue to increase for the rest of this year, helped by the weak baht and relatively low prices. Chookiat Ophaswongse, honorary president of the Thai Rice Exporters Association, said he was bullish about Thai rice export prospects for the remaining months of 2021 after exports tallied only 2.8 million […]
Read MoreThe result is expected to lead to more pilot IATA Travel Pass flights. Vietnam Airlines has successfully trialed the digital health passport application – the International Air Transport Association (IATA) Travel Pass on the flight from Noi Bai International Airport to Narita Airport (Tokyo, Japan) on August 12. The successful trial shows the national flag […]
Read MoreTHE Ministry of Manpower (MOM) is temporarily lifting some work permit renewal and other conditions to ease the labour crunch in the construction, marine shipyard and process (CMP) sectors amid Covid-19 border closures. Experienced construction workers whose work permits have been terminated will also be given a 30-day window to find new jobs – rather […]
Read MoreKUALA LUMPUR: The Malaysian economy expanded by 16.1% in the second quarter (1Q 2021: -0.5%) as the economic performance was supported mainly by the improvement in domestic demand and continued robust exports performance. Bank Negara Malaysia said on Friday the strong growth also reflected the low base from the significant decline in activity during the […]
Read MoreMANILA, Philippines — Interest rates remained at record lows as the Bangko Sentral ng Pilipinas (BSP) continued to maintain an accommodative monetary policy stance until the economy fully recovers from the pandemic-induced recession. BSP Governor Benjamin Diokno said in a virtual press conference the Monetary Board decided to maintain the interest rate on overnight reverse […]
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