MANILA, Philippines — Despite being relatively insulated from the effects of the coronavirus disease 2019, (COVID-19), the Philippines will likely see slower economic growth in the first quarter of the year primarily due to the virus’ impact on tourism, London-based think tank Capital Economics said. In a new research brief titled “Assessing the impact so […]
Read MoreThe government is set to recruit international influencers to attract foreign tourists to Indonesia in the hopes of reinvigorating the tourism industry, which has been deflated by the deadly coronavirus outbreak. Tourism and Creative Economy Minister Wishnutama Kusubandio said the government, which gave his ministry a budget of Rp 72 billion (US$5.2 million) for promotional […]
Read MoreA study conducted by the Japan External Trade Organisation has found Cambodia to be among the least productive countries in Southeast Asia. The 2019 Survey of Business Conditions of Japanese Companies in Asia and Oceania released this week ranked Cambodia as the second least productive country in the region. Cambodia achieved a score of 70.7, […]
Read MoreThe government revealed 58 national development projects during the launch of its online project bank website yesterday. Announced last year, the Myanmar Project Bank is an interactive web-based platform designed to highlight investment projects in line with the implementation of the Myanmar Sustainable Development Plan (MSDP) for 2018-2030. It can be found on www.projectbank.gov.mm. The 58 […]
Read MoreThe ongoing coronavirus outbreak will increase online shopping among Thai customers for fear of contracting the illness in public, while the disruption of supplies from China continues to take a toll on social commerce because of a lack of inventory, says Facebook Thailand. Meanwhile, a new study by Facebook and US-based consultancy Bain & Company […]
Read MoreMANILA, Philippines — Term deposit rates eased across the board anew, as investors anticipate more interest rate cuts amid the impact of the coronavirus disease-2019 (COVID-19), according to the Bangko Sentral ng Pilipinas (BSP). The yield of the seven-day term deposits slipped by 0.51 basis point to 3.8250 percent at the term deposit auction facility […]
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