MANILA, Philippines — New York-based think tank Global Source Partners lowered anew its 2021 gross domestic product (GDP) growth forecast for the Philippines to 3.5 percent, slower than the revised four to five percent target set by the Development Budget Coordination Committee (DBCC). In a report written by economists Romeo Bernardo and Marie Christine Tang, […]
Read MoreThe government needs to revamp investment privileges to support the smooth development of three new economic corridors that are instrumental to increasing investment and rehabilitating the economy over the next 5-6 years, says a central planner. According to Anek Memongkol, deputy secretary-general of the National Economic and Social Development Council, the Northern Economic Corridor (NEC), […]
Read MoreE-commerce platforms have resumed deliveries in HCM City and some of the city’s extremely high risk areas (red zones) since August 30, a week after they were banned. Shopee told Viet Nam News: “Following the instructions allowing shippers to resume operations under certain conditions, Shopee has swiftly co-ordinated with our shipping partners to increase the number […]
Read MoreThe number of foreign tourists entering Cambodia through the Kingdom’s three international airports witnessed a sharp 92.5 per cent year-on-year decline in the first seven months of this year, according to the Ministry of Tourism. The airports handled 51,729 international tourists in the January-July period versus the 693,064 logged in the same period last year, […]
Read MoreMANILA, Philippines — Local stocks will seek guidance from the government’s decision on quarantine classification, particularly as the shift to granular lockdown will enable more businesses to reopen and people to return to work. “The local bourse may take cues from the government’s decision regarding the quarantine classifications of the country. Last week’s positive performance […]
Read MoreThe baht opened at 32.46 to the US dollar on Monday, strengthening from last week’s closing rate of 32.62. The Thai currency is likely to move between 32.35 and 32.55 during the day and between 32.25 and 32.75 this week, Krungthai Bank market strategist Poon Panichpibool said. Poon predicted that the baht would drift sideways […]
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