MANILA, Philippines — A surge in COVID-19 cases, which has prompted the government to impose localized lockdowns anew to contain the spread of the virus, paints a dark picture of the future of the Philippine economy, according to a London-based think tank. In its weekly brief, Capital Economics has downgraded its gross domestic product outlook […]
Read MoreBUSINESS sentiment in Singapore has turned expansionary for the second quarter of this year, following four quarters of negative sentiment, with improved expectations for profits and hiring as well. On Monday, the Singapore Commercial Credit Bureau’s (SCCB) latest quarterly survey of 200 business owners and senior executives showed the indicator for overall business sentiment at […]
Read MoreAccording to a new think-piece released by Visa, small businesses have demonstrated their resilience by adapting quickly to the impact of COVID-19. One notable adaptation has been the sector’s accelerated shift to digital-first commerce. More than two-thirds (67 percent) of small businesses reported taking new approaches since the start of COVID-19. More than a quarter […]
Read MoreThe country needs to well prepare for conditions to compete with its rivals in attracting foreign investment. South Korea’s LG Electronics Inc. announced that a Vietnamese factory in the northern province of Hai Phong and one in Nanjing (China) are two major sites in its automotive electronics productions abroad. The move of part of the company’s […]
Read More[JAKARTA] Indonesia’s trade surplus widened slightly in February, with exports continuing to rise while imports grew for the first time since June 2019 due to low base effect, data from the country’s statistics bureau showed on Monday. February’s surplus was US$2.01 billion, compared with a US$2.21 billion surplus expected in a Reuters poll and a […]
Read MoreMANILA, Philippines — The national government spent P962.466 billion to settle its local and foreign debts in 2020, according to the Bureau of the Treasury (BTr). Debt service payments for the whole of 2020 rose by over 14 percent from P842.45 billion in 2019 as principal payments, paid on a monthly basis, were ramped up […]
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Thailand
