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Philippines sees huge boost in trade facilitation

MANILA, Philippines — The country’s move to streamline trade procedures earned it a huge boost in global trade facilitation despite challenges due to the pandemic. Based on the latest Global Survey on Digital and Sustainable Trade Facilitation of the United Nations, the Philippines scored 86.02 percent this year, up from 80.65 percent in 2019. The […]

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Malaysia okays commercial sale of Chinese vaccines

KUALA LUMPUR: Malaysia will soon allow the commercial sale of Covid-19 vaccines manufactured by the Chinese firms Sinopharm and Sinovac, the science minister said on Friday, as authorities try to ramp up inoculation rates amid a surge in cases. Malaysia has one of the region’s highest number of coronavirus infections per capita but also one […]

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World Bank trims East Asia, Pacific GDP forecast

Growth in East Asia and the Pacific this year will likely be slower than previously thought, the World Bank said yesterday, as many countries in the region grapple with spikes in Covid-19 cases, new variants and vaccine supply constraints. The East Asia and Pacific region, excluding China, is expected to grow 4% this year, World […]

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