MANILA, Philippines — The Philippines booked the biggest outflow in foreign portfolio investments in more than six years as global investors avoided the country while others cashed in on their holdings due to the coronavirus disease 2019 or COVID-19 pandemic. Data released by the Bangko Sentral ng Pilipinas (BSP) showed the country recorded a net […]
Read MoreShopping malls, gyms and amusement parks, considered high-density venues, are expected to reopen next if the number of new Covid-19 infections continues to drop for another week. The Public Health Emergency Operation Centre held a meeting with representatives of eight business clusters in the kingdom to discuss preparations for the next stage of easing the […]
Read MoreCutting costs is critical for the maritime transport sector, which is seeing a slowing down in activities due to the COVID-19 pandemic. According to a report by the Vietnam Maritime Administration, the transport of passengers and goods via seaports during the pandemic’s peak period saw a fall of 100 percent against the same period last […]
Read MoreThe Thai Hotels Association (THA) has urged Prime Minister Prayut Chan-o-cha to lift the 14-day quarantine for visitors from countries that successfully contain the virus spread and also wants a tax deduction for hotels that invest to meet new hygiene standards. At a meeting with Gen Prayut on Friday, the association reported that the most […]
Read MoreThe European Commission has added Myanmar to its list of states that pose high risks to the bloc’s financial system today (May 7) because of anti-money laundering and terrorism financing deficiencies. Cambodia, Barbados, Botswana, Ghana, Jamaica, Mongolia, Nicaragua and Zimbabwe are also included in the latest EU listing. Laos, Bosnia-Herzegovina, Ethiopia, Guyana, Sri Lanka and […]
Read MoreThailand’s economy may shrink 3%-5% this year, sharply down from growth of 1.5%-2.0% projected in March, as the coronavirus pandemic hits global demand and domestic activity, a group of leading business associations said on Thursday. The group also cut its forecast for 2020 exports, a key growth driver, to a fall of 5%-10%, from zero […]
Read More
Thailand
