MANILA, Philippines — The Philippines’ largest canned goods manufacturer is gaining some windfall from home-stay consumers during the community quarantine, but some retailers that sell them not so much. In a statement to Philstar.com last Friday, Century Pacific Foods Inc. said it sees some “upside to our usual 10-15% annual growth goals” in profits this year as […]
Read MoreThe Jakarta Post/Jakarta Indonesia’s top gas distributor, PGN, booked a sharp profit slump in this year’s first quarter, largely due to the weakening rupiah exchange rate, despite a modest increase in sales volume. PGN, which operates over 90 percent of the country’s gas pipe network, recorded US$47.8 million in profits between January and March, down […]
Read MoreDeveloping countries such as Cambodia are facing more challenges from the global virus crisis, which questions have been raised over social unrest because of the rise of unemployment. Things cannot be predicted because 130 garment factories have applied for suspension, affecting 100,000 workers, while according to the Garment Manufacters Associatin of Cambodia (GMAC), approximately 60 […]
Read MoreCity Hall has issued guidelines on the implementation of the government’s relaxation of Covid-19 containment restrictions for 10 clusters of businesses and venues starting on Sunday. The guidelines were announced on Saturday after a meeting of Bangkok’s communicable disease control committee chaired by Pol Lt Gen Sophon Phisutthiwong, deputy Bangkok governor. Restaurants, food stalls and […]
Read MoreAmid the negative coronavirus impact, local small and medium-sized enterprises are paying attention to digital solutions that utilise artificial intelligence technology to increase exports by connecting buyers globally via e-commerce channels. Nguyen Ngoc Dung, Vice President of Vietnam E-Commerce Association, says with the purchasing power at supermarkets and malls plummeting due to fears surrounding the […]
Read MoreMANILA, Philippines — The Department of Energy (DOE) expects exploration companies to rethink their plans as oil prices are seen to remain low until the third quarter due to the coronavirus pandemic. In an interview with ANC, Energy Secretary Alfonso Cusi said demand for fuel would remain low as restrictions in travel and commuting continue. […]
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Thailand
