Delivery services are becoming popular again in Hanoi following the latest Covid-19 outbreak. Hanoi People’s Committee has asked restaurants to follow social distancing rules and install dividers between the seats if necessary. Customers have also been advised to buy take-away food. As a result, many people have turned to delivery services to buy food. Since […]
Read MoreUnemployment is likely to soar this year because of the severe impact being felt by the third wave of Covid-19, warned a government planning unit. Danucha Pichayanan, secretary-general of the National Economic and Social Development Council (NESDC), said the third wave of the pandemic is likely to be a prolonged affair and prevent the economy […]
Read MoreMANILA, Philippines — The Philippines may return to pre-pandemic level of economic output only by the end of next year, making it the laggard in the region as the country continues to grapple with the COVID-19 outbreak, according to Moody’s Analytics. In a commentary titled “The Philippines struggles to shake the pandemic,” Moody’s Analytics economists […]
Read MoreVietnamese businesses need to prepare and move ahead to win the e-commerce race. At the end of 2019, Adayroi announced its closure, ending the expectation that Vietnamese e-commerce firm could compete with foreigh rivals. This showed that local businesses cannot compete with foreign competitors in this fierce battle. With the support and ecosystem of Vingroup, […]
Read MoreSINGAPORE’S first-quarter economic growth exceeded earlier estimates by more than one percentage point, but contrary to expectations, the Ministry of Trade and Industry (MTI) will not be upgrading its full-year outlook in view of “heightened uncertainties” associated with the Covid-19 pandemic. Gross domestic product (GDP) grew 1.3 per cent year on year in Q1, outperforming advance […]
Read MoreMANILA, Philippines — The financial performance of the hardest-hit sectors and highly vulnerable banks needs closer monitoring as the non-performing loan (NPL) ratio of Philippine banks may climb further to exceed six percent this year amid the COVID-19 pandemic, according to the Bangko Sentral ng Pilipinas (BSP). “The current challenges in the financial performance of […]
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Thailand
