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World Bank sees Philippine economy contracting by 1.9%

MANILA, Philippines — The World Bank expects the Philippine economy to contract by 1.9 percent this year, reflecting the disruptions caused by the coronavirus pandemic as well as multiple economic shocks in the beginning of the year. This will be the first annual contraction for the economy since the Asian financial crisis when the economy […]

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As Malaysia enters RMCO, hospitality industry captains push for borders to be reopened to travellers from ‘low-risk’ nations

KUALA LUMPUR, June 10 — Local hoteliers and others in the tourism industry are hoping the government will establish travel bubbles with countries considered low-risk for Covid-19 sooner rather than later to help boost Malaysia’s economy. Many in the business are treading water today, reeling from the impact of the coronavirus pandemic that has forced […]

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Cambodia: Sihanoukville records over $7 billion in construction

Cambodia’s coastal Preah Sihanouk province has attracted construction project investment valued at more than $7 billion over the last four years – most from Chinese nationals – the provincial administration said yesterday. From 2017 to May 2020, approximately 1,355 construction projects were approved, occupying 13,107,209 square meters and valued at $7,099,417,227. Preah Sihanouk Provincial Governor, […]

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Thailand: New food delivery apps seeking a bite

Competition in food delivery apps is expected to intensify as a series of newcomers jump into the 35-billion-baht market, with some aiming to leverage customer insights for their other businesses. GrabFood, Get, Line Man and Foodpanda are the major food ordering apps in the Thai market. More competitors have entered the segment, including Siam Commercial […]

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