MANILA, Philippines — The inter-agency Development Budget Coordination Committee (DBCC) has further lowered its gross domestic product (GDP) projection this year as the economy continues to suffer from the impact of the coronavirus disease 2019 or COVID-19 pandemic. In a statement, DBCC said the Philippine economy is expected to shrink by a range of two […]
Read MoreFood delivery service platform GoFood, a part of ride-hailing application Gojek, has seen a jump in transactions in recent months as people dine at home during the COVID-19 pandemic. Gojek chief food officer Catherine Hindra Sutjahyo said GoFood saw a 10 percent increase in transactions at the beginning of this month compared to the end […]
Read MoreThe Finance Ministry plans to close registration for the monthly 5,000-baht cash handout scheme this week as review of appeals submitted by rejected registrants is almost complete. As of May 12, 14.2 million applicants already passed the criteria to receive the aid money, while 98-99% of the appeals are expected to be completely reviewed by […]
Read MoreWhile the ongoing pandemic is taking a severe human and economic toll worldwide, deal-making activity in Vietnam is likely to maintain momentum as corporate leaders are being asked to make strategic decisions for hunting capital. Park Jun-Yong, a South Korean lawyer from Linden Investment Co., Ltd. predicted, “We will see more mergers and acquisitions (M&A) […]
Read MoreThe government is being urged to compensate tenants of shopping complexes whose businesses were hit by the coronavirus outbreak at 10,000 baht a month for three months to boost their liquidity. Kriengsak Tantiphipop, chief executive of Emporium Group Co and executive committee member of The Mall Group, said almost all tenants are reeling from tight […]
Read MoreThe Ministry of Commerce and Cambodia Rice Federation (CRF) are continuing working to solve the long-running challenges of the Kingdom’s high cost of electricity and transportation in order to boost the country’s rice industry. The meeting by the ministry with participants from concerned parties such as the CRF and Cambodia Agricultural Value Chain Programme (CAVAC) […]
Read More
Thailand
