Southeast Asia’s internet economy will hit US$105 billion this year, as the coronavirus crisis prompted stuck-at-home consumers to go online to shop, get food delivered at home and for entertainment purposes, an industry report said on Tuesday. The report, which covers Indonesia, Malaysia, Vietnam, Singapore and the Philippines, said the region added 40 million new […]
Read MorePETALING JAYA: Malaysia’s Industrial Production Index (IPI) in September, which rose 1% year-on-year, came in below expectations and has set the stage for marginal growth for the remaining of the year. The index, which measures the levels of production and capacity in the main economic areas of a country such as manufacturing, saw a growth […]
Read More‘Economy on the mend’ MANILA, Philippines — The Philippine economy shrank at a less severe pace in the third quarter, coming off a record nosedive in the second quarter, following the easing of mobility restrictions and reopening of more businesses. Economic output, as measured by gross domestic product (GDP), declined by 11.5 percent year-on-year in […]
Read MoreSINGAPORE and Hong Kong will launch their bilateral air travel bubble on Nov 22, allowing people in both cities to travel without quarantine, stay-home notices or controlled itineraries. Travellers from both cities must travel on designated flights serving only the air travel bubble travellers. As a start, there will be one flight a day into […]
Read MoreVietnam has tremendous opportunities to attract foreign investment as global companies are seeking for a destination promising continuity, World Bank Country Director for Vietnam Carolyn Turk said. Vietnam has tremendous opportunities to attract foreign investment as global companies are seeking for a destination promising continuity, World Bank Country Director for Vietnam Carolyn Turk said during an interview with […]
Read MoreMigrant workers from Myanmar, Laos and Cambodia whose work permits expire next year are being allowed to continue working in Thailand for up to two more years. Permission for the legally registered migrant workers to stay longer was approved at the weekly cabinet meeting on Tuesday, according to deputy government spokeswoman Rachada Dhnadirek. She said […]
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