More than 1,000 people at two companies have lost their jobs due to the ailing economy. In Nakhon Sawan, more than 800 workers received an unpleasant surprise when they arrived for work at a swimwear factory on Friday, but were instead greeted by a sign saying they had all been laid off because of the […]
Read MoreMANILA, Philippines — Economists expect inflation to remain benign at 2.5 percent in July due to weak demand for goods owing to the coronavirus pandemic. Ruben Carlo Asuncion, chief economist at Union Bank of the Philippines, said consumption demand remains tepid amid the COVID-19 outbreak. Global oil prices would also remain subdued, keeping price levels […]
Read MoreUp to 40,000 employees in the footwear manufacturing sector have already been impacted in the first half of this year, a direct impact from the ongoing COVID-19 pandemic which shows no signs of respite. In addition, with the ongoing health crisis and dwindling demands, a further 40,000 employees in the industry are at risk of […]
Read MoreMANILA, Philippines — Economic output likely contracted by as much as 20 percent in the second quarter, making the Philippines one of the worst-performing economies in Asia, said London-based think tank Capital Economics. The firm said the country’s performance during the quarter will be similar to that of Thailand, which saw a severe decline in […]
Read MoreThe government is speeding up its draft digital policy to adapt the economy to e-government. Minister of Post and Telecommunications Chea Vandeth was joined by the Ministry of Economy and Finance (MEF) Secretary of State Vongsey Vissoth to discuss the government’s digital policy concept note. The discussion was joined by chairman and members of the […]
Read MoreThe deadline of the “We Travel Together” campaign may be extended to increase tourism momentum for the rest of the year, while travel bubbles for tourists will take place in October, says the Tourism and Sports Ministry. Phiphat Ratchakitprakarn, the tourism and sports minister, said the slow redemption of the domestic stimulus scheme launched on […]
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Thailand
