[SINGAPORE] Clobbered by the crushing effects of the coronavirus pandemic, thousands of retailers from Bangkok to Singapore have rushed to set up online shops on big e-commerce platforms to stay afloat this year. Now entire shopping malls are going virtual for the first time. Marina Square Shopping Mall – nestled among luxury hotels and popular […]
Read MoreSINGAPORE and Malaysia are aiming to restart cross-border travel by Aug 10 for long-term pass holders and essential business and official travellers. While it would bring some relief to Malaysian employees stuck here, and the employers supporting them, industry observers say it won’t be a panacea for all the issues that affected parties are currently […]
Read MoreThailand’s economy is expected to take two years to fully recuperate, assuming there is widespread administration of a coronavirus vaccine, says the Bank of Thailand’s chief. “The intermittent outbreaks are also accounted for under the central bank’s predictions,” said governor Veerathai Santiprabhob. “New infections of 20-30 cases per day are manageable under the country’s public […]
Read MoreU Maung Maung Win, Deputy Minister of the Ministry of Planning, Finance, and Industry, forecasted that the country’s GDP growth in the 2020-21 Fiscal Year targeting to reach K125.803 trillion. There are multi-sectoral collaborations going on to stabilize the price, strengthen local currency, and minimize inflation, he said during the Parliament session on July 13. […]
Read MoreThe National Bank of Cambodia (NBC) said the Kingdom’s economic growth stagnated in the first half of the year due to the impact of the COVID-19 pandemic and forecast that the country’s GDP would contract 1.9 percent this year. NBC governor Chea Chanto said key pillars of Cambodia’s economy such as tourism and manufacturing were […]
Read MoreMANILA, Philippines — Layoffs have persisted more than a month since the government relaxed lockdowns and permitted businesses to reopen, demonstrating the uphill challenge for an economic recovery from the pandemic. In the latest labor department report, permanently displaced employees in the formal sector, or those in registered businesses, hit 121,921 from 501 establishments as […]
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