SINGAPORE – Singapore Airlines has extended its wide-ranging flight cancellations by another month, just four days after it announced a one-month extension. This means that 96 per cent of its scheduled flights till end-June will be cancelled, amid travel restrictions worldwide and a drastic drop in demand for air travel. The first round of cuts were announced […]
Read MoreThe Hanoitimes – The task has become even more complicated given negative impacts of the Covid-19 pandemic in the first three months of 2020. The slow privatization progress of state-owned enterprises (SOEs) during the 2016 – 2019 period are putting pressure on all concerned parties to complete the process in 2020, according to the Ministry of […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) now expects remittances to shrink for the first time in almost two decades as more overseas Filipino workers (OFWs) return to the Philippines amid the global virus outbreak. BSP assistant governor Iluminada Sicat told reporters in a virtual press briefing that the central bank initially expects […]
Read MoreThe Transportation Ministry has asserted that international flights to and from the country will continue to operate normally, despite a previous statement that all passenger flights to overseas destinations had been suspended to prevent people from participating in the annual Idul Fitri mudik (exodus). The ministry’s air transportation director general, Novie Riyanto, said the ban on air […]
Read MoreThai frozen seafood exports are expected to recover in the third and fourth quarters after plummeting 9.8% in the first quarter as a result of worldwide lockdown measures to curb coronavirus spread. Poj Aramwattananont, president of the Thai Frozen Foods Association, said shipments should survive a contraction or flat growth in the second quarter and […]
Read MoreThe Hanoitimes – In this year’s state budget plan, revenue from crude oil is predicted at VND35.2 trillion (US$1.5 billion), accounting for 2.3% of the total. As revenue from crude oil only accounts for 3% of Vietnam’s state budget collection, a sharp decline in global oil prices has little effect on the country’s revenue, according to […]
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