The Ministry of Tourism plans to introduce new guidelines this month for business health standards for tourism-related businesses such as hotels, restaurants and resorts as the ministry aims to increase domestic tourism. A working group has been established to write a clear set of guidelines for businesses to follow and ensure they are maintaining an […]
Read MoreMANILA, Philippines — Moody’s Analytics Inc. and Fitch Solutions Country Risk & Industry Research expect a slower economic growth for the Philippines as the costs of the coronavirus disease 2019 or COVID-19 outbreak continue to mount in Asia. In its latest weekly Asia Pacific economic preview, Moody’s Analytics said the Philippine economy may grow by […]
Read MoreThe government’s new preemployment card program, a mix of cash aid and training subsidy for unemployed workers, needs to be converted to full-fledged cash aid that will be more relevant for laid-off and furloughed workers, experts say. Perbanas Institute economist Piter Abdullah told The Jakarta Post that preemployment card recipients would find it difficult to find jobs […]
Read MoreTHE novel coronavirus is starting to make itself felt in Malaysia’s export figures, even as exports drag is likely to intensify in Q2, say Citi economists Kit Wei Zheng and Ang Kai Wei. March exports fell 4.7 year-on-year, while imports fell 2.7 per cent year-on-year, with trade surplus stable at RM12.3 billion. Exports were likely […]
Read MoreA month into Singapore’s circuit breaker, which has led to most stores being shut, retailers have two options: adapt or die. When the dust finally settles, the retail landscape is likely to be less vibrant as smaller players disappear, and those that survive will have to respond to new shopping habits, industry observers say. While […]
Read MoreThe Hanoitimes – As Vietnam has progressively contained the Covid-19 pandemic, the priority now should be to boost business and production activities, said Prime Minister Nguyen Xuan Phuc. Vietnam is determined to achieve an economic growth rate higher than the International Monetary Fund (IMF)’s estimate of 2.7% for this year, the highest in Southeast Asia, according […]
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Thailand
