The tourism minister said on Thursday he will propose a plan for foreigners to undertake COVID-19 quarantine in popular tourist areas, including beach resorts, in a bid to help revive the country’s struggling tourism sector. The economy suffered its biggest contraction in over two decades last year as tourism slumped due to the coronavirus pandemic. […]
Read MoreKUALA LUMPUR: Bank Negara has maintained the overnight policy rate (OPR) at 1.75% at its monetary policy committee (MPC) meeting yesterday, as latest indicators point to improvements in external demand and continued consumer spending. In a statement, the central bank said while the re-imposition of containment measures would affect growth in the first quarter of […]
Read MoreThe Hanoitimes – Vietnam, however, remained the third highest ranking among low-middle income countries in the index, staying behind the Philippines [16th] and Indonesia [17th]. Vietnam slipped to 25th from its previous 18th out of 58 economies in last year’s Mastercard Index of Women Entrepreneurs (MIWE), which analyzes on how women in business are progressing globally. […]
Read MoreMANILA, Philippines — Ayala-led Bank of the Philippine Islands (BPI) expects the country’s economic contraction to slowdown further in the first quarter amid the expected recovery this year. BPI lead economist Jun Neri said the country’s gross domestic product (GDP) would contract at a slower pace of two percent in the first quarter from 8.3 […]
Read MoreThailand is eyeing plans for vaccine passports and quarantine waivers as the global Covid-19 inoculation drive gathers pace. Prime Minister Prayut Chan-o-cha this week ordered officials to look into vaccine certificates for international travel after signaling the country is open to scrapping the two-week quarantine for inoculated visitors. The local tourism industry wants mandatory quarantines to […]
Read MoreKUALA LUMPUR, March 5 — Malaysia needs to transform into a global exporting player, grow its manufacturing capabilities and create its homegrown multinational companies (MNCs) to break out of the middle-income trap, said Prime Minister Tan Sri Muhyiddin Yassin. According to the prime minister, in the decade before the 1998 Asian Financial Crisis, Malaysia’s cumulative […]
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