MANILA, Philippines — Port giant International Container Terminal Services, Inc. (ICTSI) opened 2021 in a high note after global trade resumed with the easing of quarantines, benefiting its logistics business. ICTSI recorded a first quarter net income of $102.3 million, 49% up year-on-year. This was due in part to busier port operations, particularly from its Americas business […]
Read MoreThe modern trade sentiment was far from showing any signs of recovery in the first quarter after it plunged to the lowest rate in three quarters as a result of weakened purchasing power amid the Covid-19 crisis. Surong Bulkul, vice-chairman of the Thai Chamber of Commerce said the third wave of the pandemic is expected […]
Read MoreStrong recovery in the US has buoyed bilateral trade with the Kingdom by 16.9 percent – $289.9 million – in the first quarter of 2021 to $1.9683 billion, according to the US Census Bureau. With 75 percent of the US population anticipated to be fully vaccinated in four months and 38.6 percent of the population […]
Read MoreJAKARTA: Indonesia’s economy contracted more than expected in the first quarter (Q1), as one of the fastest vaccine rollouts in South-East Asia hasn’t been enough to revive domestic demand. Gross domestic product (GDP) declined 0.74% in Q1 from a year ago, the statistics bureau said yesterday, worse than the median estimate of -0.65% in a […]
Read MoreTax policies for the real estate sector must be carefully studied and introduced at the appropriate time to ensure feasibility and limit speculation, according to the Ministry of Finance. This was the ministry’s response to a proposal from the HCM City Real Estate Association that the Government should tax the conversion of agricultural and non-agricultural land to […]
Read MoreMoody’s Investor Service reported the pandemic boosted corporate defaults in emerging markets (EM) to 7.7 percent in March, but that figure is projected to fall to 4 percent by year-end. “The recovery is likely to be uneven across EM countries and, thus, default rates will vary between countries. A resurgence of virus infections, slow vaccinations, […]
Read More
Thailand
