Tris Rating has revised its forecast of Thailand’s 2021 real gross domestic product (GDP) growth downward to 1.0%, from a February forecast of 2.6%, mainly due to the severity of economic fallout from the third wave of the Covid-19 outbreak. The country’s overstretched public health system and slow progress of vaccine rollout will likely cause […]
Read MoreMANILA, Philippines — The Freedom from Debt Coalition (FDC) said the country’s record-high P11-trillion debt would make it difficult to revert the economy’s momentum to its pre-pandemic levels. In a forum hosted by the non-profit Freedom from Debt Coalition (FDC), former senator Wigberto Tañada said servicing the huge debt pile may restrict the next administration’s […]
Read MoreFOOD and beverage (F&B) and other services businesses appear desperate for help, as Singapore headed into its third dine-in ban since the Covid-19 pandemic began. Representatives from the industry reiterated calls for deeper support on Wednesday, as stricter curbs take their toll on eateries and retailers – including many small businesses. Rents, wage costs and […]
Read MoreThe Bank of Thailand (BoT) is debating a reduction in interest rates for some consumer loans amid fears that lenders will reject high-risk borrowers and drive them towards loan sharks, an assistant governor said Wednesday. Last month, Prime Minister Prayut Chan-o-cha asked the Bank of Thailand to review the ceiling of interest rates for credit […]
Read MoreVietnam Railways (VNR) on July 20 added a new rail freight link from Vietnam to Belgium, with the first train departing from Yen Vien station, Hanoi, and expected to arrive at Liege City in Belgium. Then, containers will be delivered to Rotterdam city (Netherlands) by lorries. VNR said the train carried 23 containers with such […]
Read MoreMORE than 2 billion tons of food goes uneaten around the world, almost double than previously thought, according to a new report. An estimated 2.5 billion tons of food was lost on farms or wasted by retailers or consumers globally, accounting for about 40% of production, according to research by World Wildlife Fund and U.K. […]
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