MANILA, Philippines (Update 1, 10:22 a.m.) — The Philippine Statistics Authority reported that jobless rate was steady in June, but looming harsh lockdowns in Metro Manila could throw a spanner in the works. In a briefing, National Statistician Claire Dennis Mapa reported there were 3.76 million people who were either unemployed or out of business in June, higher […]
Read MoreThe fourth wave of Covid-19 led to a further disruption in the country’s manufacturing sector in July, with production output falling at the fastest pace since April 2020. Rates of decline in output and new orders quickened from the previous month and employment was down sharply amid reports of temporary company closures and social distancing […]
Read MoreThe Cambodia Securities Exchange (CSX) did not anticipate the curfew to adversely impact market action. CSX Director Kim Sophanita told Khmer Times last week, “I think the recent decision to institute curfews and lockdowns will not have any negative impact on the capital market given that it is temporary and isolated to eight provinces close to the […]
Read MoreWhile the prolonged Covid-19 outbreak has raised fresh concerns over a labour shortage in the industrial sector, most executive members of the Federation of Thai Industries (FTI) expect less than 30% of production may be affected. They voiced their concerns in the FTI’s latest CEO survey which interviewed 166 executives across 45 industries in July […]
Read MoreMANILA, Philippines — The Bureau of Customs surpassed its collection target in July by more than P4 billion as imports recovered and returns from 14 ports improved. In a report yesterday, the Customs said taxes and duties it generated in July rose by over eight percent to P58.18 billion from P53.75 billion during the same […]
Read MoreThe Thai bourse recorded massive outflows as foreign investors offloaded 32 billion baht worth of Thai shares in 45 days, while Thai investors’ trading value dropped to 60-80 billion baht per day amid soaring infections and growing economic uncertainty. The government announced the extension of the lockdown in 13 provinces with the highest infection rates […]
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