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Philippines: Economy avoids return to recession in Q3 despite new lockdowns

MANILA, Philippines (Update 1, 12:12 p.m.) — Renewed lockdowns meant to arrest a surge fueled by the Delta variant tempered growth in the third quarter, although the economy avoided a contraction after the government changed tack and imposed less damaging restrictions. Gross domestic product, or the sum of all goods and services created in an economy, grew 7.1% year-on-year […]

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Thailand: Talks begin on long-term residency offer for foreigners

Prime Minister Prayut Chan-o-cha is in talks with related agencies about offering long-term residency in a bid to attract more investors to Thailand after the country’s reopening, said government spokesman Thanakorn Wangboonkongchana. The spokesman said the premier met Deputy Prime Minister Supattanapong Punmeechaow, Interior Minister Anupong Paojinda, Finance Minister Arkhom Termpittayapaisith, Customs Department director-general Patchara […]

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