Thailand may have to allow new infections to occur in the kingdom if it wants the economy to get back on track, a health official said on Thursday. Supakit Sirilak, deputy permanent secretary for public health, said the kingdom has gone 31 days without recording new local transmissions. He said the country may have to […]
Read MoreMANILA, Philippines — The Philippines suffered in May the biggest monthly net outflow of foreign portfolio investments in more than six years as investors continued to liquidate portfolios and keep money in cash due to heightened worries over the adverse economic impact of the coronavirus disease 2019 or COVID-19 pandemic, according to the Bangko Sentral ng Pilipinas. […]
Read MoreThe completion of M&A deals with Thai investors has been followed by a succession of tough days in Vietnam, reported Nhip Cau Dau Tu. Big C Mien Dong Supermarket in HCM City, one of the oldest branches of the retail chain in Vietnam, has announced closure after failure in negotiating the rent with the landlord. […]
Read MoreIndonesia’s economy is on track for a significant contraction this year as the coronavirus crisis has hit the global economy more severely than previously expected, the International Monetary Fund (IMF) has forecast. The United States-based institution projects that Southeast Asia’s biggest economy will contract by 0.3 percent this year, according to the June update of the World […]
Read MoreSINGAPORE: Nokia and Ericsson have been chosen as Singapore’s main 5G network providers, telecom operators said, leaving Huawei with only a minor role as the Chinese tech giant faces growing US pressure. Huawei has been dogged by allegations of stealing American trade secrets and aiding China’s espionage efforts, with Washington pushing countries to bar the […]
Read MoreWith its economy moving forward at a breakneck pace, Cambodia is also becoming more resilient to natural disasters, pandemics, global financial meltdowns and other adverse factors that normally help bring down a country’s business sector. The newly-released 2020 Global Resilience Index shows that the Kingdom’s ranking has moved up from last year. This year, Cambodia […]
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