SINGAPORE – Singapore’s factory output staged a surprising recovery in March, according to data released by the Economic Development Board (EDB) on Friday (April 24). But EDB cautioned that manufacturing output in March had not been significantly impacted by the coronavirus outbreak, and a more pronounced impact is likely to be seen from April onwards due […]
Read MoreEconomic growth for Myanmar will slow significantly to 4.2 percent this year under the global health crisis but could rebound to 6.8pc in 2021 if the virus is confined quickly, according to a report by the Asian Development Bank (ADB). The ADB’s annual Asian Development Outlook report, released this month, puts Myanmar’s GDP growth forecast […]
Read MoreLocal fuel prices have plunged to a record low K310 per litre. That’s almost the same as a litre of water, which costs K300. The fuel price per litre on April 23 had fallen to K310 for Octane 92, K440 for Octane 95, K760 for Octane 97, K450 for diesel and K460 for premium diesel. […]
Read MoreMANILA, Philippines — Local airlines are seen taking a deeper revenue hit this year amid the worsening impact of the coronavirus disease 2019 pandemic in the Asia- Pacific region. Based on the latest estimates from the International Air Transport Association (IATA), passenger demand in the country could decline by 47 percent this year, resulting in […]
Read MoreThe government and the House of Representatives have decided to delay deliberations over labor provisions within the omnibus bill on job creation, resulting in the cancellation of an earlier plan by labor unions to hold mass street protests despite the coronavirus outbreak. President Joko “Jokowi” Widodo announced on Friday that the government had reached a […]
Read MoreSINGAPORE – Singapore Airlines has extended its wide-ranging flight cancellations by another month, just four days after it announced a one-month extension. This means that 96 per cent of its scheduled flights till end-June will be cancelled, amid travel restrictions worldwide and a drastic drop in demand for air travel. The first round of cuts were announced […]
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Thailand
