Oxford Economics has stated that the COVID-19 pandemic will have a significant impact on the exports of CLMV countries, comprising Cambodia, Laos, Myanmar and Vietnam. It added that up to 66 percent of Cambodia’s exports are generated by the clothing and apparel industry which has traditionally benefitted from foreign direct investments and preferential trade benefits […]
Read MoreMANILA, Philippines — The Philippine Competition Commission (PCC) is set to issue guidelines on the exemption of merger and acquisition deals below P50 billion from the body’s review under the recently approved Bayanihan 2 Law. Republic Act 11494 or the Bayanihan To Recover As One (Bayanihan 2) Act, signed by President Duterte on Sept.11, exempts […]
Read MoreSINGAPORE, Sept 15 — Singapore’s future rests on its role as a hub in sectors such as manufacturing, finance and logistics, Senior Minister Tharman Shanmugaratnam said yesterday, stressing that staying open is vital to maximising opportunities for Singaporeans. Tharman also warned that the Covid-19 pandemic may lead to a “wipeout” of a significant number of […]
Read MoreThe Hanoitimes – While Vietnam’s economic outlook in the near term is dim, the country is showing stronger resilience than most comparable economies, stated the ADB. The Asian Development Bank (ADB) has revised down Vietnam’s economic growth forecast to 1.8% in 2020 from the previous estimate of 4.1% in June, but the growth is expected to […]
Read MoreCoronavirus-ravaged economies across the Asia Pacific will make a “swoosh-shaped” recovery next year, the Asian Development Bank forecast Tuesday, but it warned that further restrictions to combat the contagion could derail the region’s return to growth. Developing Asia — stretching from the Cook Islands in the Pacific to Kazakhstan in Central Asia — is expected to […]
Read MoreThe government should aim high in the domestic tourism market by targeting at least 200 million trips next year if Thailand wants to extend a lifeline to the industry, says the Association of Domestic Travel (ADT). “It’s useless if the government doesn’t set an ambitious goal, as we already witnessed soft domestic demand and insufficient […]
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