MANILA, Philippines — The next administrations would have to tighten their belts to prevent further growth of the government’s debt load, which has gotten heavier due to hefty coronavirus borrowings. But the reduction of accumulated debts would be a slow one, as the economy would continue to face perennial problems beyond the Duterte administration that would […]
Read MoreWhile the hospitality sector in Asia is struggling to survive the pandemic, hotels in Europe are already reporting signs of improvement. A rapid vaccination drive in several countries helped catalyse a tourism rebound as governments ease travel restrictions, making people more confident to hit the road again after living under a tight lockdown for over […]
Read MoreIn the last 18 months, lockdowns and social distancing have been imposed on four occasions. As a result, many enterprises have had to reinvest or restart business because of disrupted production chains during the social distancing periods. The fourth wave of Covid-19 is different from the previous ones as it is a larger scale, with […]
Read MoreConsumer and business sentiment plunged to record lows in May as both sectors fretted over the serious impact of the third wave, increased political instability and a delay in the government’s vaccine distribution plan. The University of the Thai Chamber of Commerce (UTCC) reported on Thursday the consumer confidence index fell to 44.7 in May […]
Read MoreMANILA, Philippines — The Philippines’ dollar reserves slightly went down in May after the government withdrew cash from the country’s dollar stock to settle its maturing debts. What’s new The country’s gross international reserves amounted to $106.98 billion in May, down 0.68% month-on-month, the Bangko Sentral ng Pilipinas reported Friday. Why this matters Foreign reserves […]
Read MoreMinister of Environment Say Samal expressed his desire to turn Preah Sihanouk province into a “blue” economic hub at a roundtable dialogue on charting a path to ensure the sustainability of the East Asia Seas. The discussion was hosted by the Partnerships in Environmental Management for the Seas of East Asia (PEMSEA), of which Cambodia […]
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Thailand
