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Philippines: Consumers lament lack of plan for power sector

MANILA, Philippines — Various consumer groups have expressed dissatisfaction over the lack of concrete plans for the sector. The Power for People Coalition (P4P) has been advocating for relief and reform programs as well as renewable energy development to aid the people’s recovery from the coronavirus crisis and transform the power sector for the better. […]

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Singapore firms stay gloomy on outlook with Covid-19 uncertainty, rising trade tensions

SINGAPORE – Firms in Singapore’s manufacturing and services industries remain pessimistic about the business outlook for the second half of the year, amid the ongoing coronavirus pandemic and uncertain global trade and macroeconomic conditions. Their sentiments were captured in separate surveys released by the Economic Development Board (EDB) and the Department of Statistics (SingStat) on […]

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Thailand: Exports likely to shrink by up to 13.5%

Thailand’s exports are likely to shrink by as much as 13.5% this year, the worst showing in a decade, if a Covid-19 vaccine is not available this year, according to a university study. Aat Pisanwanich, director of the Center for International Trade Studies at the University of the Thai Chamber of Commerce, said a vaccine […]

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Unilever Indonesia books slight decrease in net profit

Consumer goods giant PT Unilever Indonesia booked a slight decrease in its net profit during this year’s first half as the coronavirus pandemic hit demand. The local arm of Anglo-Dutch company Unilever pocketed Rp 3.62 trillion (US$246.46 million) in net profit during the period, a 2.2 percent decline compared to the corresponding period last year. […]

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