MANILA, Philippines — The consumer and retail sector in the Philippines is seen fully recovering from the impact of the COVID-19 pandemic next year after a major slump last year, according to Fitch Solutions Country Risk & Industry Research. In its latest commentary, “Philippines consumer outlook: Spending recovery from COVID-19 to spill into 2022,” Fitch […]
Read MoreThe food and beverage industry has reacted with concern to the government’s decision to impose a curfew in the country’s major cities, along with restaurant closures and bans on alcohol sales for the next two weeks. The restrictions were announced by the government on Wednesday night. They have been brought in to stop the spread […]
Read MoreThe one-month shutdown of construction worker camps to contain the spread of Covid-19 is expected to decrease demand for steel in the construction sector by 30-40% as Tata Steel Thailand (TSTH) has already seen sales drop by 20-30% during the shutdown. Domestic steel consumption will feel the impact in the next one to two months, […]
Read MoreGlobal coffee consumers seeking more supplies to fill the void left by the devastating frost in Brazil wont get much relief from Vietnam. Shipments from the country, the biggest robusta coffee grower, are declining because of depleted farmer inventories, a worsening Covid-19 outbreak and a severe container shortage. Exports are likely to continue dropping through […]
Read MoreMANILA, Philippines — The country’s outstanding debt ballooned to a fresh record high of P11.16 trillion as of end-June, the bulk of which consists of domestic obligations. The Bureau of the Treasury (BTr) yesterday reported the total debt stock of the Philippines jumped by P2.11 trillion or more than 23 percent to a new high […]
Read MoreWith nationwide curfews implemented for the first time since the outbreak, fintech experts are expecting digital payments to gain traction in even more provinces Industry experts said that the previous round of lockdowns and curfews isolated to Takhmao and Siem Reap towns, as well as in the capital served as a catalyst for digital adoption […]
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Thailand
