MANILA, Philippines — The slow distribution of fiscal support as the pandemic wears on will contribute to the slow recovery of the economy, according to a London-based think tank. In a report, Capital Economics said the slow distribution of social assistance to vulnerable sectors may cause a slower economic recovery. “While second quarter gross domestic […]
Read MorePETALING JAYA: Declining household income, insufficient savings and a resurgence of the Covid-19 threat will likely dampen private consumption, a key component of the Malaysian economy, in the near term. The job prospect level would also dictate private consumption trends moving forward, amid unemployment which is expected to hover between 4% and 4.5% this year. […]
Read MoreThe Prime Minister of Vietnam has issued a plan to implement a memorandum of understanding on the development and connection of border trade infrastructure between Vietnam and Cambodia. The implementation started on August 19 and will last until October 2022. If the MoU is extended, the plan will continue to be carried out for three […]
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Thailand
