MANILA, Philippines — The economic damage from the coronavirus pandemic last year was greater than originally reported, state statisticians said Thursday. Gross domestic product (GDP), the sum of all products and services created in an economy, actually shrank at 9.6% on-year for the entire 2020, slightly worse than the 9.5% initially reported last January. The […]
Read MoreIn a recent assessment of economic recovery in the East Asia Pacific (EAP) region, the World Bank focused on three areas that will influence the region’s recovery: COVID-19 vaccinations, fiscal policies to encourage economic relief and growth and climate policies to recover in a sustainable manner. The Spring 2021 EAP Economic Update said there may […]
Read MoreThe Bangkok Metropolitan Administration (BMA) has decided to cancel all Songkran activities scheduled in all districts of the province in a bid to curb Covid-19 from spreading further after a new cluster of cases linked to entertainment venues in Thong Lo swiftly spread to other areas, deputy governor Kriangyos Sudlabha said on Wednesday. “The Songkran […]
Read MoreRising land rent and shortages in industrial zones (IZs) may cause multinationals, which are seeking land near Hanoi and HCMC City, to hesitate to come to Vietnam. Despite the Covid-19 pandemic and policies on restricted travel, more manufacturers are following the China plus 1 model and seeking places in Vietnam to set up their production […]
Read MoreJakarta. Flash Coffee, a coffee chain backed by Rocket Internet, plans to add more outlets in Indonesia and expand in more countries in Asia after securing $15 million in Series A funding led by White Star Capital, the company said in a statement on Wednesday. Flash Coffee is the latest coffee chain to compete in Indonesia’s […]
Read MoreKUALA LUMPUR, April 7 — The World Health Organisation (WHO) has come out against vaccine passports, for now, saying they may exacerbate unequal access to vaccines in many countries. Speaking at a virtual press conference in conjunction with World Health Day, Regional Emergency director for the WHO Western Pacific Region (WPR), Dr Babatunde Olowokure said […]
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Thailand
