With outlooks for emerging markets darkening considerably as developed economies rapidly vaccinate citizens, Moody’s Analytics has listed Cambodia among six “recovering” economies in ASEAN. The Kingdom is currently enduring a second wave after over 21,500 cases emerged following the so-called Feb 20 event, which caused Coronavirus to spread widely. As a result, the International Monetary […]
Read MoreMANILA, Philippines — The Philippines continued to lag behind its Southeast Asian neighbors in motor vehicle production as tepid demand further trimmed output in the first quarter. Data from the Association of Southeast Asian Nations (ASEAN) Automotive Federation showed the Philippines assembled 19,599 motor vehicles in the three months to March, down 13 percent from […]
Read MoreThailand’s economy shrank in the first quarter as coronavirus outbreaks hurt consumption and tourism, but the fall was less than expected helped by stronger non-agricultural output and exports. The economy contracted 2.6% in the March quarter from a year earlier, data from the National Economic and Social Development Council showed on Monday, versus a forecast […]
Read MoreSINGAPORE, May 17 — Even though they are allowed to remain open, stores in heartland malls that rely on walk-in traffic from diners who have meals at nearby eateries still saw their business plummet drastically on the first day when tightened Covid-19 safety regulations were imposed. One retail worker at Kawata House of Socks in […]
Read MoreE-wallets in Vietnam have strongly benefited from the change in payment habits during the Covid-19 pandemic. Vietnam’s mobile e-commerce is rapidly growing with an estimated value of US$10.2 billion by 2023, according to 2021 Vietnam Mobile Application Report, conducted by the market research company Appota. The report revealed that mobile e-commerce is showing dramatic growth as […]
Read MoreRETAIL tenant group Singapore Tenants United For Fairness (SGTUFF) on Monday said that it may be better for the public and businesses if Singapore enters another partial lockdown, that is, another ‘circuit breaker’, instead of having the government progressively tighten measures to curb the resurgence of Covid-19. The group noted that under the tightened movement restrictions, […]
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