The Covid-19 pandemic obliterated 9.3 million jobs in Southeast Asia as lockdowns hit the region’s traditional engines of growth such as hospitality and tourism, according to the Asian Development Bank (ADB). This pushed 4.7 million people to extreme poverty last year, measured as living on less that US$1.90 a day, the ADB said in a […]
Read MoreINTERNATIONAL debt watchdog S&P Global Ratings has lowered its economic growth forecast for the Philippines this year to account for market developments surrounding the Russia-Ukraine conflict. S&P cut its 7-percent growth outlook for the Philippines’ gross domestic product (GDP) by 0.5 percent, citing “a high degree of uncertainty about the extent, outcome and consequences of […]
Read MoreA potential Commerce Department probe of solar imports from Southeast Asia has the potential to freeze investment in the United States, industry leaders warned on Tuesday. The agency is set to decide by Mar 25 whether to formally investigate whether solar products from Malaysia, Thailand, Vietnam and Cambodia circumvent longstanding solar tariffs. An investigation could […]
Read MoreWhile competition in the ride-hailing service market in Vietnam is fierce, the pressure on senior leaders of ride-hailing service firms is enormous. In the latest news, Grab Vietnam CEO Nguyen Thai Hai Van has resigned after more than two years in this position. However, the change of senior leaders of ride-hailing companies in Vietnam occurs […]
Read MoreMANILA, Philippines — A cap on interest rates and other fees slapped by lending and financing companies, as well as online lending platforms for small value loans, would help spur credit growth in the country, according to Credit Information Corp. CIC president and CEO Ben Joshua Baltazar said the country’s public credit registry and repository […]
Read MoreThe Marine Department has decided to launch a study to determine the feasibility of constructing a cruise ship terminal on Koh Samui in Surat Thani province. In an attempt to gauge the private sector’s interest in the proposed cruise ship terminal project, the department launched a seminar in Bangkok on Tuesday. The seminar, chaired by […]
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Thailand
