PETALING JAYA: The Malaysian Institute of Economic Research (MIER) has revised downwards its worst case scenario for the country’s gross domestic product (GDP) growth this year, to minus 5.5% in real terms relative to 2019. This is lower than the projected worst case scenario that was anticipated in April. Then, it forecast the GDP to […]
Read MoreMANILA, Philippines — The country’s overall balance of payments (BOP) position posted a surplus of $2.1 billion in September, bringing the year-to-date surplus position to $6.88 billion, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. The latest figure reflected mainly the inflows from the BSP’s foreign exchange operations and income from its investments abroad, and […]
Read MoreMORE than 2,100 openings are available in the logistics industry as at end-September, of which over 60 per cent are jobs, based on figures from Singapore’s Ministry of Manpower’s (MOM) latest weekly jobs situation report released on Tuesday. Of these jobs, the majority (64 per cent) are in non-PMET (professional, manager, executive and technician) roles […]
Read MoreE-commerce titans Lazada and Shopee, which have splurged on spending, racking up some 20 billion baht in losses the past five years, are unsettling local distributors, dealers and modern trade operators that are losing revenue to these e-marketplace giants, says a pundit. Pawoot Pongvitayapanu, founder of local e-commerce platform Tarad.com, said it is imperative for […]
Read MoreThe Ministry of Planning and Investment (MPI) is drafting a plan on solutions to take full advantage of the opportunities to be brought by the investment relocation wave after Covid-19 to develop supporting industries and develop an ecosystem for the automobile industry. It is expected that by 2025, Vietnam will be able to make highly competitive […]
Read MoreThe World Bank’s Board of Executive Directors last week approved US$40 million in emergency finance support for small and medium-sized businesses in Laos to help them recover from the impacts of the COVID-19 pandemic, the bank said in a press release. The funding will be channelled through the World Bank’s ‘Micro, Small, and Medium Enterprise […]
Read More
Thailand
