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Philippines: Domestic trade weakens in Q1

MANILA, Philippines — Trading of commodities in the country remained weak in the first quarter as the effects of the pandemic lingered on frail demand and movement restrictions. Based on the preliminary data from the Philippine Statistics Authority (PSA), the volume and value of goods traded inside the country both declined from January to March. […]

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Thailand: EconThai worried about rising underemployment

The Employers’ Confederation of Thai Trade and Industry (EconThai) is concerned about the growing underemployment rate that is affecting people’s purchasing power after the number of unemployed individuals reached 4.3 million since the Covid-19 outbreak began in Thailand. Underemployment refers to workers who work between 0-20 hours. They are not unemployed, according to the Labour […]

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Vietnam: E-commerce changing domestic retail property market

The shift toward e-commerce due to the COVID-19 pandemic has brought challenges to Vietnam’s retail property market, according to Savills Vietnam. “COVID-19 has posed serious challenges within the real estate market, in particular for retailers. The market has witnessed many businesses having to foreclose or reduce operations to remain afloat,” Tu Thi Hong An, director, […]

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Vietnam: CPI inches up 0.16 percent in May

Vietnam’s consumer price index (CPI) in May was up 0.16 percent agaisnt April and 2.9 percent from last year, reported the General Statistics Office (GSO) on May 29. Compared to April, increases were seen in the prices of eight out of 11 main groups of goods and services, with transport taking the lead (0.76 percent) […]

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