MANILA, Philippines — Automotive parts makers have renewed their call to government to support local parts manufacturing by implementing safeguard measures on vehicle imports to reduce the entry of vehicles from overseas or completely built-up (CBU) units and prevent small and medium parts makers from closing shop amid the COVID-19 pandemic. “Our main appeal is […]
Read MoreThe Hanoitimes – Nearly 86% of Vietnamese enterprises have been affected by the pandemic. In the first five months of 2020, over 5 million workers in Vietnam have lost their jobs or faced a reduction in working hours and income due to the Covid-19 pandemic, according to Le Van Thanh, vice minister of Labor, War Invalids […]
Read MoreCambodia Securities Exchange-listed Phnom Penh Special Economic Zone Plc (PPSP) said its PPSEZ has the second largest number of projects among industrial parks across the country and attracts the highest capital investment at roughly $562 million, according to the firm’s Q1 report. PPSP, a multi-product industrial area developer and operator in the Kingdom, said PPSEZ […]
Read MoreGeopolitical risks and the protracted domestic economic slowdown will continue to limit foreign fund inflows into Thailand’s stock market this month, says Asia Plus Securities (ASP). Foreign investors were the sole net sellers in May of local equities, worth 31.6 billion baht, with year-to-date foreign net outflows totalling 194 billion as of May 29. Equity […]
Read MoreKUALA LUMPUR, June 3 — Due to the Covid-19 pandemic, job losses in the country has increased by 42 per cent year-on-year for this first quarter (Q1 2020), according to the Social Security Organisation’s (Socso) Employment Insurance System (EIS). In a report titled “Employment Outlook, the 1st Quarter of 2020, Volume 4/2020, The Impact of […]
Read MoreMANILA, Philippines — The estimated reverse inbound tourism further plunged 60.56 percent to P81.05 billion in the five months to May due to travel restrictions amid the coronavirus disease 2019 or COVID-19 pandemic, the chief of the Department of Tourism (DOT) said. In a virtual press briefing yesterday, Tourism Secretary Bernadette Romulo-Puyat said international arrivals […]
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