As high unemployment seen to linger MANILA, Philippines — The Asian Development Bank (ADB) has joined other international agencies and local think tanks that cut growth projections for the Philippine economy this year. In a virtual briefing yesterday, ADB country director Kelly Bird said the Manila-based multilateral lender has substantially slashed its gross domestic product […]
Read MoreThe Ministry of Tourism will work with the Ministry of Health to evaluate the feasibility of international tourists from low-risk countries and territories who have been fully vaccinated against the novel coronavirus to enter the Kingdom with little or no quarantine stay. The tourism ministry expects this to begin in the fourth quarter, in a […]
Read MoreMore than 80 per cent of Thai organisations surveyed by PwC recently said they were hit adversely by the Covid-19 pandemic, while the report indicated that successful crisis recovery hinges on improving resiliency. The Thailand part of PwC’s “Global Crisis Survey 2021” – a global survey of 2,814 business leaders in 73 countries – explores […]
Read MoreSCG Packaging Plc (SCGP) is undeterred by the third Covid-19 outbreak and is maintaining its total revenue target in 2021 at 100 billion baht due to its wide customer base in many countries. However, being aware of mounting concerns over shortages of beds for patients in hospitals, the company is using recycled paper to make […]
Read MoreThe manufacturing production index (MPI) in March rose for the first time in 23 month, due to improved global demand and a low base effect, and is likely to increase again in April, the Industry Ministry said on Wednesday. The MPI’s rise of 4.12% from a year earlier was also its fastest pace in 29 […]
Read MoreDeveloping Asia’s economy will rebound faster this year than previously estimated, as nations tread diverging recovery paths, according to the Asian Development Bank. Southeast Asia’s forecast was lowered to 4.4% growth this year amid reduced projections for Malaysia, the Philippines and Thailand. The region’s gross domestic product will expand 7.3% this year, better than the […]
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