MANILA, Philippines (UPDATE 2:22 p.m., April 8) — Trade was back on positive territory in February after imports snapped nearly 2 years of downtrend on the back of low base effects that hardly reflected a convincing rebound. What’s new Merchandise trade grew 0.6% year-on-year to $12.91 billion in February, the Philippine Statistics Authority reported Thursday. This was a […]
Read MoreThai economic uncertainty looms large amid a fragile recovery, says the Bank of Thailand, and it advised the government to prepare additional financial and fiscal aid packages to cushion against a worst-case scenario. The central bank on Wednesday published the edited minutes of the Monetary Policy Committee’s meeting on March 24, where it projected the Thai […]
Read MoreMANILA, 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 […]
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