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Asean+3 urged not to put up trade barriers

MANILA, Philippines — The Philippines called on other countries in Southeast Asia and partners China, Japan and South Korea to avoid putting barriers to trade in essential goods and to work on setting up a regional reserve of critical medicines as part of measures to deal with the impact of the coronavirus disease 2019 or […]

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Three Asean countries offer to buy Myanmar rice

Three Asean heavyweights – Malaysia, Indonesia and the Philippines – have offered to buy rice produced in Myanmar, U Khin Maung Lwin, deputy secretary of the Ministry of Commerce, told The Myanmar Times. The Philippines and Malaysia have offered to purchase 300,000 tonnes and 50,000 tonnes of rice from Myanmar, respectively, while Indonesia has yet to […]

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Rated project, infrastructure firms in Asia well-placed to manage refinancing: Moody’s

COVID-19 pandemic notwithstanding, Moody’s rated Asian project and infrastructure companies are well-positioned to manage their refinancing needs through 2022, said Moody’s Investors Service in a May 28 report. Upcoming bond maturities are concentrated at investment-grade companies, most of which benefit from government support or are in sectors less affected by the virus outbreak. China and […]

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Asia-Pacific falling behind sustainable development goals

The Asian Development Bank (ADB) has criticised Asia-Pacific countries for being slow in delivering the UN’s Sustainable Development Goals (SDGs) because of the COVID-19 pandemic, according to a joint report. A study called “Fast-tracking the SDGs: Driving Asia-Pacific Transformations” by the United Nations (ESCAP), ADB and the UN Development Programme (UNDP) said that while the […]

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Safety tops the tourism agenda

For the past two months or so, many of the world’s popular tourist destinations have been shuttered to visitors, leaving beaches, restaurants, shops, bars and streets almost empty. Now that the world is gradually reopening and people are stepping out again, they are faced with the reality that life today is a lot different from […]

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