World Bank sees worse turnout for Philippines MANILA, Philippines — The World Bank expects a deeper economic contraction for the Philippines this year and a slower recovery by next year as the country fails to control the COVID contagion despite repeated lockdowns. In its October 2020 Economic Update for East Asia and the Pacific, the […]
Read MoreThailand sees higher shipment opportunities for Thai premium rice in the EU after the bloc allowed rice imports of 24,883 tonnes with zero import tariffs for October. Keerati Rushchano, director-general of the Foreign Trade Department, said the European Commission on Sept 22 announced that the remaining annual quota for rice (white rice, Thai hom mali rice, Thai […]
Read MorePETALING JAYA: The World Bank has forecast that the economy will take a bigger hit from the ongoing Covid-19 crisis with Malaysia’s real gross domestic product (GDP) expected to contract by 4.9% instead of 3.1% for the year. The forecast revision reflects the heightened uncertainty of global economic recovery and elevated unemployment rate. However, World […]
Read MoreThe Hanoitimes – The domestic-invested sector’s exports are expected to expand 20.2% year-on-year to US$71.83 billion between January and September. Vietnam earned an estimated trade surplus of US$3.5 billion in September and reached a record surplus of US$16.99 billion in the January–September period, compared to a US$7.27 billion surplus recorded in the same period last year, […]
Read MoreThe World Bank has forecast a sharp contraction of negative two percent for the local economy this year, adding that Cambodia’s unfavourable growth outlook alongside disruptions to jobs and lower household incomes means poverty is likely to increase. The bank added that “significant uncertainty” remains for Cambodia’s economic growth outlook with downside risks including a […]
Read MoreThe Board of Investment (BoI) is preparing to propose its job retention scheme to the government to help authorities cope with a high unemployment rate from Covid-19 impact. The scheme, designed to help companies retain their workforce until the economic recovery, is scheduled to be tabled at a BoI board meeting, chaired by Prime Minister […]
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