MANILA, Philippines — The near-term recovery of the Philippines remains questionable amid the slow vaccination rollout, as well as the resurgence of COVID-19 infections, according to Moody’s Analytics. In a report, Moody’s Analytics senior economist Katrina Ell and associate economist Dave Chia said the latest infection wave in the Philippines is the worst of the […]
Read MoreThailand is looking to attract Indian travellers during the traditional holiday season to boost its tourism-reliant economy that’s been hit hard by the absence of mass holidaymakers from countries including China. The tourism industry expects Indians to resume travel in large numbers next month during Diwali, the Hindu festival of lights, said Somsong Sachaphimukh, vice […]
Read MoreMANILA, Philippines — Foreign business groups lauded the recent move of Congress to ratify the bicameral report for the bill that would reduce the minimum required investment for foreign retailers in the country. “As strong proponents of increased foreign direct investment (FDI) in the Philippines, we applaud the Senate and House for ratifying the bicameral […]
Read MoreIndian-owned Mesco Gold (Cambodia) has shown a potential for gold refinery investment in a licensed area in Ratanakiri province’s Oyadav district, according to the Ministry of Mines and Energy, citing that the firm is building some significant infrastructure. The move came after the company halted works on its processing plant installation at its Phum Syarung […]
Read MoreThe World Bank has downgraded its economic growth forecast for Thailand this year to 1% from its earlier forecast of 2.2%, said its senior economist for Thailand Kiatipong Ariyapruchya. He added that the Thai economy is now expected to return to its pre-pandemic level in 2023, later than the previous forecast of 2022. The tourism […]
Read MoreVietnam’s economy suffered a contraction of 6.17% year-on-year in the third quarter. Vietnam’s GDP growth in the first nine months of 2021 is estimated at 1.42%, lower than the 2.12% expansion rate recorded in the same period last year, according to the General Statistics Office (GSO). “The results, however, remain a “big success” given the […]
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