MANILA, Philippines — Investments approved by the Philippine Economic Zone Authority (PEZA) declined 32 percent in the January to May period from a year ago due to the outbreak of the coronavirus disease 2019 or COVID-19. Data presented by PEZA director general Charito Plaza in an online press briefing yesterday showed the agency approved P29.54 […]
Read MoreChinese apps in Vietnam are luring borrowers who have to pay back debt at high interest rates within a short period of time. A woman in Tay Ninh province, 37, borrowed VND2 million through One Click Money for 14 days at the interest rate of 44 percent. However, she could not pay the debt on […]
Read MoreSINGAPORE – The Republic is second in Asia in terms of the ease of doing business here, according to a report by professional services firm TMF Group released on Wednesday (June 17). The Global Business Complexity Index studied 77 jurisdictions across the world, based on indicators such as legislation, accounting procedures, tax regimes and human […]
Read MoreThe Tourism Council of Thailand (TCT) is crying foul over the 22.4-billion-baht tourism stimulus package, saying it will mostly benefit big hotel operators and leave behind the small and medium-sized businesses that account for 75% of the sector. The cabinet on Tuesday approved a domestic tourism package to boost the hospitality sector, including a subsidy […]
Read MoreThe Kingdom’s tourism industry could rebound only by 2025 when the COVID-19 pandemic is fully killed off, according to a tourism industry insider and other observers. If Cambodia and other countries in the globe are able to control the outbreak of the Coronavirus by 70 percent at the end of this year, the growth of […]
Read MoreThailand has fallen four places to 29th in IMD’s world competitiveness rankings for 2020, weighed down by a decline in rankings for economic performance and government efficiency. Conducted by the Institute for Management Development, the survey analysed global economies and their ability to generate prosperity. All 63 countries were gauged in the ranking undertaken by […]
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