Business leaders are coming out in support of the government’s extension of the emergency decree and curfew for another month, but have requested easing business restrictions to restart the economy as new infection numbers dwindle. The government has provided some easing of business restrictions by allowing food outlets without air conditioning, barbers and hairdressers, fresh […]
Read MoreThe Asia-Pacific Economic Cooperation (APEC) region is expected to post a 2.7 per cent economic decline in 2020 due to the impact of COVID-19. This will be the most significant fall since the near-zero growth rate logged in 2009 during the global financial crisis, according to the APEC Secretariat. Last year, the 21-member region recorded […]
Read MoreRetail business owners are grumbling over shop rental fees in Yangon malls, which they say remain high despite the drop in footfall and demand as a result of COVID-19. “We are all doing business and so it should be give-and-take on both sides. The high rental fees during this time is not convenient for us at […]
Read MoreIndonesia’s restaurant chains and retailers are struggling to fulfill their obligations to their employees while trying to keep their business afloat amid the COVID-19 pandemic. Publicly listed PT Fast Food Indonesia, the operator of Kentucky Fried Chicken (KFC) chains in Indonesia, said in a statement last Friday that it closed 97 stores across the country […]
Read MoreSINGAPORE – Wages are likely to be harder hit than employment amid the Covid-19 outbreak, although workers in the retail trade, food and beverage, and recreation sectors are most vulnerable to layoffs, the Monetary Authority of Singapore (MAS) said on Tuesday (April 28). Labour demand will decline significantly across most sectors of the economy as overall […]
Read MoreThailand’s retail market is likely to see a sharp contraction in the first quarter as the spread of the coronavirus compounds the blow from widespread drought and evaporation of tourist arrivals. Total retail sales are forecast to drop by 30% in the first quarter this year, with tens of billions of baht in estimated losses, […]
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Thailand
