Investors have advised start-ups to start cutting their budgets, furloughing some employees and even laying off others to survive the COVID-19 pandemic, which will likely hit the economy hard. According to Dimitra Taslim, an investor at California-based venture capital company GGV Capital, start-ups could begin with slashing perks such as travel allowances and free food while opting for […]
Read MoreThe pandemic has ravaged businesses and forced social distancing, spiking demand for remote and digital services as well as online banking. Opening bank accounts online has surged after all commercial and state banks closed all branches nationwide during March 28-29 and banned account opening services for another eight days due to crowds of people inside […]
Read MoreMANILA, Philippines — Donn Christian Testor, a 30-year-old nurse in United Arab Emirates, went for a vacation in his hometown in Cavite last month. He was supposed to fly back to the Middle East last April 5 until the government stopped him from doing so. Testor is one of thousands of Filipino healthcare workers stuck […]
Read MoreTwo fresh market operators — Yingcharoen in Saphan Mai and Number One in Bang Na — are ramping up their online shopping channels in an effort to stay afloat after traffic plummeted at their fresh markets because of the viral outbreak. Yingcharoen fresh market reintroduced online shopping for customers two weeks ago after pausing online […]
Read MoreThe Council for Development of Cambodia (CDC) has given the green light to six new investment projects with a total investment capital of $23.5 million. According to two separate CDC’s press releases, the new projects approved are expected to create more than 4,000 jobs for the locals. The six approved projects cover the production of […]
Read MoreS&P Global Ratings has revised its outlook on Thailand to stable from positive on Covid-9 uncertainty, with a possible downgrade given persistently sluggish economic recovery. The firm, however, affirms the country’s BBB+ long-term and A-2 short-term foreign currency sovereign credit ratings. “We are revising our outlook on Thailand to stable from positive due to our […]
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