As the pandemic brings opportunities to the e-commerce sector, the local logistics industry also has a chance to grow. According to a study by Jones Lang Lasalle Vietnam Co, Ltd (JLL), traditional brick-and-mortar retail outlets have suffered as countries implement stay-at-home and social distancing policies “Certainly, the dependence on e-commerce will explode and will change […]
Read MoreThe total trade between Myanmar and foreign countries reached over 28.3 billion U.S. dollars in ten months of present fiscal year (FY) 2019-2020, according to figures released by the Commerce Ministry Xinhua reported. From Oct. 1, 2019 to July 3, Myanmar earned over 13.2 billion U.S. dollars while its import shared over 15 billion U.S. […]
Read MoreKUALA LUMPUR: Malaysia’s unemployment rate increased further to 5.3% in May to record 826,1000 unemployed persons, the Department of Statistics Malaysia (DOSM) reported on Tuesday. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the unemployment rate had increased as the number of unemployed went up by 47,300. “However, the monthly change of unemployed persons […]
Read MoreSINGAPORE’S gross domestic product (GDP) plummeted 12.6 per cent year on year in the second quarter, bringing the country into full-blown recession, as Covid-19 “circuit-breaker” measures hit hard and external demand stayed weak amid the global downturn, according to Ministry of Trade and Industry (MTI) advance estimates on Tuesday. The second-quarter figure was worse than […]
Read MoreIndonesia has raised Rp 18.33 trillion (US$1.27 billion) from government retail bond issuance ORI-017, the Finance Ministry announced on Monday, the highest proceeds ever recorded in an online bond offering by the country as the government struggles to finance its coronavirus response. The Finance Ministry managed to book the figure as individual investors flocked to […]
Read MoreTHAILAND’S growth may have reached a trough in the second quarter of 2020, but the recovery is likely to be drawn out, with weak tourism and demand, said DBS Group Research economist Radhika Rao in a July 13 report. DBS has lowered its forecast to a 7.5 per cent contraction in 2020, before a recovery […]
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