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Philippines exits recession in Q2, but recovery shallow

MANILA, Philippines (Update 2, 3:06 p.m.) — The Philippines is finally out of recession in the second quarter, posting its best annual growth rate in 32 years, but the rebound was shallow and new lockdowns triggered by the fast-spreading Delta variant are threatening to reverse gains. Gross domestic product — or the sum of all goods and services created […]

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Thailand: BoI applications up sharply in first half

Despite escalating Covid-19 infections in the country, the value of Thailand’s investment applications more than doubled in the first half of the year, boosted by foreign direct investment, along with growth in the electronics and medical sectors. The Board of Investment (BoI) reported yesterday in the first six months of this year, applications increased by […]

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Thailand: Regulator steps in to simplify Covid claims

Insurance companies have been ordered to use Covid-19 RT-PCR tests instead of medical certificates as proof of a claim for a lump-sum payment, in order to ease the burden on buyers. The Office of Insurance Commission’s (OIC) secretary-general Suthiphon Thaveechaiyagarn said the worsening pandemic had caused a surge of Covid patients, making it increasingly difficult […]

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Thailand: Online Mice targeted for expansion

With Covid-19 infections hitting record levels, online events have this year become a priority for the Thailand Convention and Exhibition Bureau (TCEB), which aims to stimulate the sector by matching operators with tech providers. Jaruwan Suwannasat, TCEB director of the Mice (meetings, incentives, conventions and exhibitions) Intelligence and Innovation Department, said hybrid and virtual formats […]

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