PETALING JAYA: After months of business disruptions and operating at reduced capacity, businesses in Malaysia are finding it harder to stay afloat if Covid-19 restrictions are prolonged. Industry groups are appealing to the government to allow all businesses, regardless of the states they are based in, to operate at full or increased capacity if a […]
Read MoreSINGAPORE has upgraded its trade forecasts for the third time this year, on the back of strong second-quarter growth in sectors such as electronics and petrochemicals. Non-oil domestic exports (NODX) could grow by 7 per cent to 8 per cent year on year in 2021, trade agency Enterprise Singapore (ESG) said in a review on […]
Read MoreThe latest travel warning from the US Centers for Disease Control and Prevention (CDC) against travel to Thailand has exacerbated the tourism outlook for the third quarter, with all hopes now resting on the high season. “With a surge of daily infections and record high fatalities being reported, the flow of travellers will automatically drop, […]
Read MorePhnom Penh City Hall is slated to hold a high-level meeting either today or tomorrow on whether to extend the curfew in Phnom Penh. The municipal administration implemented a strict 9 pm to 3 am curfew on July 29. The sub-decree issued by City Hall said that it would run until August 12. “It seems […]
Read MorePhl exits recession MANILA, Philippines — The Philippines found its way out of recession on a record growth in three decades, but economists said recovery remains nowhere near in sight with the return to lockdown in economic areas, particularly Metro Manila. The Philippine economy, as measured by the gross domestic product (GDP), jumped 11.8 percent […]
Read MoreECONOMISTS were unsurprised by the upward revision of Singapore’s official full-year growth forecast on Wednesday, with most of their own maintained forecasts falling within the new 6 to 7 per cent range announced by the Ministry of Trade and Industry (MTI), up from 4 to 6 per cent previously. While manufacturing is expected to remain […]
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