MANILA, Philippines — The Philippines is in danger of being included anew in the gray list of Paris-based dirty money watchdog Financial Action Task Force (FATF) if the country fails to pass the necessary amendments to the anti-money laundering law, according to the Anti-Money Laundering Council (AMLC). AMLC Secretariat executive director Mel Georgie Racela said […]
Read MoreThe Asean-5 economies are in a technical recession based on their second quarter gross domestic product (GDP) figures and this is induced by the Covid-19 pandemic. Malaysia, Indonesia, the Philippines, Singapore and Thailand implemented lockdowns and this had disrupted economic activities in almost all areas be it domestic or export-oriented. Sectors worst hit include travel, […]
Read MoreThe Garment Manufacturers Association of Cambodia in collaboration with the Global Green Growth Institute (GGGI) and GERES – the Group for the Environment, Renewable Energy and Solidarity, an international development nongovernmental organisation set up in Marseille in 1976 – is jointly implementing the project called the Promotion of Sustainable Energy Practice in the Garment Sector, […]
Read MoreThe Hanoitimes – The news cycle related to Covid-19 transmission no longer influences trends on the FMCG market in Vietnam and Southeast Asia. Four predicted consumer resets will shape the Southeast Asian (SEA) and Vietnam fast-moving consumer goods (FMCG) market in the future, according to the latest study by Nielsen, the market research company. A new […]
Read MoreThe pandemic has accentuated the imbalance in the oversupply of hotels and low demand, with most operators struggling to break even, according to the Thai Hotels Association (THA). About 1 million hotel staff were laid off and demand for labour in the sector shrank by 75% because half the hotels nationwide remain closed, according to […]
Read MoreThe gradual reopening of the Philippine economy in the remaining months of 2020 could narrow the current account surplus, according to Fitch Solutions. In a report late last week, the macroeconomic research arm of the Fitch Group said its core economic scenario saw the economy gradually reopening through late 2020 and early 2021, allowing domestic […]
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Thailand
