MANILA, Philippines — The economy may contract anew in the first quarter, further extending the pandemic-induced recession, according to economists. Bank of the Philippine Islands chief economist Jun Neri said the country’s gross domestic product (GDP) may contract mildly in the first quarter. “It seems consumer confidence is starting to show a more meaningful recovery […]
Read MoreThe Council for the Development of Cambodia (CDC) in the first month of this year approved 11 investment projects worth over $43 million and that are expected to generate 7,854 jobs, it said via social media. Among the bunch were five garment factories – Xin Yunfeng (Cambodia) Fashion Co Ltd’s $2.4 million project in the […]
Read MoreThe amended excise tax structure for cigarettes is scheduled to take effect on Oct 1, in response to the Tobacco Authority of Thailand’s request to review the 40% flat tax rate, says the Excise Department. The present tobacco tax structure is scheduled to expire in September, according to Excise Department director-general Lavaron Sangsnit. Although details […]
Read MoreMANILA, Philippines — Alfred Ty, chairman of Toyota Motor Philippines (TMP), believes the worst is over and is optimistic the automotive industry as well as other businesses will recover in due time from the negative impact of the COVID-19 pandemic. TMP, as the leading automotive company in the country, will take the wheel toward recovery […]
Read MoreThe Vietnam Maritime Administration (VMA) plans to set up a working group to inspect the hike in freight rates among shipping companies that have routes to Europe and America. In a recent interview with Vietnam News Agency, deputy head of the VMA Hoang Hong Giang said the move aimed to remove difficulties for export activities and […]
Read MoreBANGKOK: Thailand’s stock market has never been busier as a growing number of people join a global surge of individual traders chasing returns. Average daily trading turnover jumped to 99 billion baht (US$3.3bil) this month through last Wednesday, set for a monthly record, according to data compiled by Bloomberg. Transactions by individuals this month made […]
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