MANILA, Philippines — Remittances from overseas Filipino workers (OFWs) may drop by $5 billion this year as emerging markets, including the Philippines, face numerous challenges brought about by the coronavirus pandemic, according to Metropolitan Bank & Trust Co. (Metrobank). Pauline Revillas, research analyst at Metrobank, said the weak global demand, lower foreign direct investments (FDIs) […]
Read MoreTourism and Creative Economy Ministry is mulling over the possibility of establishing travel bubbles with neighboring countries in a more local scope to accelerate the rebound of the pandemic-hit tourist industry, the ministry’s official has said. The ministry’s undersecretary for infrastructure and destination development, Hari Santosa Sungkari, said on Aug. 7 that the government’s plan to […]
Read MoreVietnam needs to reform its trade mechanisms while local businesses are advised to be more proactive to take advantage of the European Union – Vietnam Free Trade Agreement (EVFTA). According to the Ministry of Planning and Investment before the COVID-19 outbreak, the EVFTA will boost Vietnam’s economy 2.18 to 3.25% in the first five years […]
Read MoreThe construction of the National Road (NR) No. 10, the western corridor linking Battambang northwestern province to Koh Kong coastal province, is 36 percent complete since it broke ground in March this year. The update was shared during a recent inspection visit led by Ma Sunhuot, Under-Secretary of State at the Ministry of Public Works […]
Read MoreSINGAPORE, Aug 9 — Some migrant worker rights groups and activists have raised concerns about rules that restrict workers’ movements in and out of dormitories, saying that they are too strict, give employers too much power and that it is unclear how long the rules will last. They also asked why the rules were not […]
Read MoreNon-performing loans are still increasing despite slow credit expansion as the COVID-19 pandemic stretches many businesses to their limits. The first-half financial statements of big banks like Vietcombank, BIDV and Vietinbank all indicated an increase in non-performing loans (NPLs). Total NPLs of Vietcombank increased 11 percent in the last six months, pushing the bad debt […]
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Thailand
