MANILA, Philippines — The Duterte administration’s budget deficit swelled to its widest monthly level this year so far in March, hurt by a latest collapse in revenues likely to persist as the government awaits returns from lower tax rates while the pandemic bill explodes without signs of a compelling economic revival. The bad news is there are […]
Read MoreCambodia’s economy is forecast to grow 4.0 per cent this year and 5.5 per cent in 2022, as economic recoveries in major trading partners boosts demand for the Kingdom’s exports, according to an Asian Development Bank (ADB) report released on April 28. ADB country director for Cambodia Sunniya Durrani-Jamal said: “The economy contracted by 3.1 […]
Read MoreMajority Lao state-owned power generation firm, EDL-Generation Plc (EDL-Gen), is seeking strategic private partnerships in neighbouring countries to boost its total capacity by 25% to fulfil growing regional energy demand. It plans to increase its capacity to 2,435 megawatts by 2029 from 1,949MW currently. The additional capacity will come from hydroelectric power plants currently in […]
Read MoreSINGAPORE, April 28 — For the first time since Covid-19 struck, the total number of people in employment in Singapore — excluding foreign domestic workers — has expanded after four straight quarters of declines, early estimates from the Ministry of Manpower (MOM) showed. Unemployment rates have also eased, although they remain “far from pre-pandemic levels”, […]
Read MoreThe increase in app deletions shows that Vietnamese e-commerce platforms need to improve the quality of services in order to retain customers. AppsFlyer and iPrice Group analyzed 12.4 million shopping app installs on Android devices in 2020 to learn about consumer behavior. The results showed that the removal rate of e-commerce applications in Vietnam was […]
Read MoreMANILA, Philippines — International arrivals in the first quarter declined by about 98 percent as the government imposed a travel ban on foreigners, tourism data obtained by The STAR showed. Visitor arrivals from January to March declined to 29,383, from 1.39 million during the same period last year. Inbound travel was still allowed in the […]
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Thailand
