The value of investment projects submitted under the Board of Investment (BoI) tax incentive programmes skyrocketed by 80% year-on-year to 123.36 billion baht in the first quarter, driven mainly by the pandemic and subsequent measures to curb the spread of the virus, including a work-from-home guideline. From January to March, the BoI saw the number […]
Read MoreKUALA LUMPUR: The economy contracted at a smaller pace of 0.5% in the first quarter of this year as it extended its recovery from the 3.4% decline in the fourth quarter of last year. The Statistics Department said on Tuesday the firmer economic performance was supported by the expansion in manufacturing sector and the rebound […]
Read MoreThe Philippine and Malaysian economies continued contracting in the first three months of the year, adding to signs that some of Southeast Asia’s biggest nations are struggling amid a resurgence in coronavirus cases. The quarterly figures released Tuesday — which came in below all forecasts for the Philippines — add to recent weaker signals from […]
Read MoreGlobal supply chains will turn to Vietnam, India and Turkey for more diverse sourcing. US and other global buyers continue to choose Vietnam as one of the leading sourcing countries this year as they are seeking to diversify their buying away from China. The latest report, conducted by Qima, a provider of supply chain compliance […]
Read MoreMANILA, Philippines — Moody’s Analytics has further slashed the projected gross domestic product (GDP) growth of the Philippines to five instead of 6.3 percent this year due to the imposition of strict lockdown and quarantine measures amid the resurgence of COVID-19 infections. Shahana Mukherjee, economist at Moody’s Analytics, said the country’s GDP likely contracted by […]
Read MoreNearly 20,000 domestic trips were made across the Kingdom in the first weekend after the government ended a lockdown in Phnom Penh and Kandal province’s Takmao town at the onset of May 6, Minister of Tourism Thong Khon said on May 10. Tourism ministry figures show that Cambodians and visitors made 19,492 and 217 domestic […]
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Thailand
