The government estimates that up to 3.78 million Indonesians will fall into poverty and 5.2 million lose their jobs during the coronavirus pandemic, while the International Monetary Fund (IMF) projects the worst global recession since the Great Depression. Finance Minister Sri Mulyani Indrawati said Tuesday that, with economic growth projected at the lowest level since […]
Read MoreMajor fuel retailers are adjusting operations in response to plummeting demand and prices caused in part by the pandemic. When the crisis began, food businesses owned by oil companies shifted from takeaway to home delivery. Mostly state-owned Bangchak Corporation said it plans to revise investment plans and is revamping business operations to deal with dropping […]
Read MoreFashion brands are urging the European Union (EU) to postpone the partial withdrawal of tariff preferences granted to Cambodia under the EU’s Everything but Arms (EBA) trade scheme because of the impact of the COVID-19 pandemic. The European Branded Clothing Alliance (EBCA) has asked the EU to delay the move which it agreed in February […]
Read MoreSINGAPORE – Resales of private non-landed homes in Singapore rose 17 per cent in March over the previous month, while prices barely moved, according to flash data from real estate portal SRX Property on Tuesday (April 14). However, compared with a year ago, resale volume was 13 per cent lower and 21 per cent below […]
Read MoreIn an Industry where employee recruitment is already a leading issue, the Tourism Industry has taken the biggest hit from the novel Coronavirus, with an estimated 50 to 75 million jobs to be lost in the Industry alone. Yet, savvy and more experienced businesses that do not lose sight of the long-term vision for the […]
Read MoreThe Hanoitimes – The target remains a challenging task, given growing uncertainties in the global and domestic economies, including the complicated evolution of the Covid-19 pandemic. Vietnam is expected to set an average GDP growth target of 7% in the five-year socio-economic development plan for the 2021 – 2025 period, according to Prime Minister Nguyen Xuan […]
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Thailand
