MANILA, Philippines — The economy will return to pre-pandemic activity only in 2025 at the earliest, unless the remaining tax reforms are legislated and lockdowns are lifted, the Department of Finance said. Finance Undersecretary and chief economist Gil Beltran told reporters the Philippines may regain its 2019 numbers only in about four years, depending on […]
Read MoreThe baht opened at 33.30 to the US dollar on Monday, strengthening from last week’s closing rate of 33.36. The Thai currency is likely to move between 33.25 and 33.40 during the day and between 33.00 and 33.50 this week, Krungthai Bank market strategist Poon Panichpibool said. Poon predicted the baht would move sideways as […]
Read MoreSIEMENS Mobility will install CBTC on the new metro line connecting Malaysia and Singapore after it was awarded a contract by RTS Operations to design, install and commission the signalling system and install platform screen doors. The technology will be installed on the Johor Bahru – Singapore Rapid Transit System, in what Siemens claims will […]
Read MoreShopee, a major e-marketplace in Asean, is ramping up a marketing strategy to broaden its customer base beyond youngsters to boost sales through the platform amid a sluggish economy. Shopee, which is part of the global consumer internet firm Sea, chose to use Jackie Chan, the Chinese martial arts actor and superstar, as a major […]
Read MoreWith such a move, customers would now have another six months to recover their business operations. Banks are expected to expand their support for businesses and people in form of debt rescheduling, waiving, and freezing of lending rates for a further six months until June 30, 2022, from the previous deadline of December 31, 2021. […]
Read MoreMANILA, Philippines — S&P Global Ratings has downgraded the Philippines’ 2021 gross domestic product (GDP) growth forecast to 4.3 percent from an earlier six percent outlook due to the emergence of the highly contagious COVID-19 Delta variant. The debt watcher said intermittent lockdowns have been weighing on economic activity as the emergence of new variants […]
Read More
Thailand
