The health crisis is becoming increasingly complex and expected to continue drawing a grey economic picture in the region. Global data analysts FocusEconomics last week stated that the latest COVID-19 wave has been seriously hurting the Vietnamese economy, especially tourism and manufacturing industries, thus forcing the analysts to revise down the country’s GDP growth forecasts. […]
Read MoreMANILA, Philippines — Filipinos will face difficulty seeking work until 2022 despite the gains made in recovering jobs lost last year, forcing the Department of Finance (DOF) to push for the distribution of cash aid to the poorest families. The DOF yesterday said challenges on bringing down the poverty and unemployment rates will persist until […]
Read MoreKUALA LUMPUR: Malaysia’s services sector revenue recorded significant growth of 20.5% to RM404.5bil for the second quarter (Q2) compared with the same quarter in the previous year, according to the Statistics Department. However, this is mainly due to the low base effect. E-commerce income, meanwhile, rose 23.3% year-on-year during the three-month period to RM267.6bil as […]
Read MoreCambodia received 102,560 international visitors during the first six months of 2021, a decrease of 91.3 percent from 1.18 million over the same period last year, said a tourism ministry’s report released on Wednesday. Thailand, China and Vietnam were the largest sources of foreign travelers to the kingdom during the January-June period this year, the […]
Read MoreThe total amount of fiscal supports in the forms of waiving and reducing taxes, fees, or land rental fees from 2020 to date has reached a total of VND118 trillion ($5.18 billion). The Ministry of Finance (MoF) and the State Bank of Vietnam (SBV) are taking steps to ensure more supports to be provided for […]
Read MoreMANILA, Philippines — Global financial institutions were not impressed by the strong rebound in the country’s economic output in the second quarter, noting that downside risks persist that could hinder a further recovery. American banking giant Citi and Fitch Solutions Country Risk & Industry Research said in separate reports that the Philippines is not out […]
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Thailand
