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Malaysia: Potential jobs building up

PETALING JAYA: The construction sector will benefit from the 38% jump in Budget 2021 development expenditure allocation to RM69bil although concerns about execution risks and political uncertainties remain, according to research analysts. Maybank Investment Bank (IB) Research said it remained positive on the construction sector, as the surge in gross development expenditure presents sizeable order book replenishment […]

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Philippines: Q2 GDP contraction adjusted to -16.9%

State statisticians on Monday lowered the official second quarter gross domestic product (GDP) contraction to -16.9 percent from the earlier -16.5 percent. “Major contributors to the revision were real estate and ownership of dwellings, from -20.1 percent to -29.7 percent; wholesale and retail trade; repair of motor vehicles from -13.1 percent to -13.9 percent; and […]

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Thailand: FTI supports shorter tourist quarantine

The Federation of Thai Industries (FTI) plans to support a proposal to reduce the mandatory quarantine period for foreign tourists from 14 to 10 days during the Centre for Economic Situation Administration’s (CESA) meeting this week. This measure would improve business activities, said Supant Mongkolsuthree, the FTI’s chairman. “New ideas are needed to push the […]

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Thailand: State pushes for Phuket recovery

The government has pledged to accelerate its efforts to rehabilitate Phuket’s tourism industry, which has been pounded by the pandemic on both its short-term and long-term goals. Prime Minister Prayut Chan-o-cha already ordered his advisory team, led by Thosaporn Sirisamphand, former secretary-general of the National Economic and Social Development Council (NESDC), to finalise the proposals […]

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