MANILA, Philippines — The Philippine economy remains fragile amid the still limited boost in consumer and business confidence as COVID cases continue to escalate, the Asian Development Bank (ADB) said. In a webinar yesterday, ADB country director Kelly Bird said there remains a huge uncertainty in the economy especially with the still increasing COVID-19 cases. […]
Read More[BANGKOK] Thailand’s economy could lose US$3.19 billion a month, mainly in the service sector, a university said on Thursday, as the tourism-reliant nation deals with a third Covid-19 wave and a highly contagious variant. The new outbreak, which has seen over 18,000 cases in just 22 days, might reduce the number of workers by 149,000 […]
Read MoreThe pandemic has changed the way Thais shop. Ipsos market research polled 3,000 people in six Southeast Asian nations and found Thais ranked second, with household spending decreasing 80%, following Indonesia which had the largest drop at 82%. While people from Singapore, Malaysia, Indonesia, the Philippines and Vietnam are confident about the improving economy, Thais […]
Read MoreSINGAPORE – The World Economic Forum ranked Singapore ahead of all Asian countries in its Energy Transition Index (ETI) 2021 that reflects the progress towards a more inclusive, sustainable, affordable and secure energy system. The index that benchmarks 115 countries also assesses their readiness to energy transition and the current performance of energy systems across […]
Read MoreAccording to the Business Mirror, the Philippines Banana Planter and Exporter Association (PBGEA) stated that profits in the banana export market dropped by 15% because the outbreak of Covid-19 increased shipping costs and delayed transport. This year almost 40% of the Chinese import bananas come from Cambodia and Vietnam The Philippines suffers more from distribution […]
Read MoreVietnam’s e-commerce market will maintain its solid growth trajectory this year, analysts said at a ceremony announcing Vietnam’s E-Business Index within the framework of the Vietnam Online Business Forum on April 20. Speaking at the event, a representative from the Vietnam E-Commerce Association (VECOM) said enterprises have become more dynamic and gradually adapted to e-commerce. […]
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