The Hanoitimes – Vietnam holds a number of advantages against other countries at a time when investors are looking to exit China, according to experts. On May 3, the Japanese government said it would spend US$2.2 billion of the country’s economic stimulus package to help firms shift production out of China. Meanwhile, the Economic Times reported […]
Read MoreBSP still confident of full-year growth MANILA, Philippines — Remittances from overseas Filipino workers (OFWs) fell to their lowest level in eight months last February, but the Bangko Sentral ng Pilipinas (BSP) remains confident of positive growth this year amid the coronavirus disease 2019 or COVID-19 pandemic. The central bank yesterday reported that personal remittances […]
Read MoreIndonesia’s imports have fallen for 10 consecutive months in April as manufacturing companies cut production output while consumer demand continues to shrink amid the COVID-19 pandemic, signaling cooling economic activity going forward. The country recorded US$12.54 billion in imports in April, an 18.58 percent drop from the same period last year. Imports of consumer goods […]
Read MoreThe government has embarked on the next phase of economic reopening with confirmation that shopping malls, department stores and food courts will be among the businesses allowed to resume tomorrow, albeit with public health and safety stipulations. The market has already priced in a partial recovery of economic activity in the second half of 2020; […]
Read MoreVietnamese consumers are some of the most optimistic in Asia during the COVID-19 pandemic, according to American management consulting firm McKinsey’s recent consumer survey. The survey, which was conducted among 618 consumers in Vietnam and covered their consumption behavior shifts during the COVID-19 crisis, showed that only 4% of Vietnamese think the crisis will have […]
Read MoreMANILA, Philippines — A month before migrant workers began coming home in droves, money sent to their families showed some signs of slowdown in February as the country’s top dollar-earning sector begins to feel the bite of the pandemic. Cash remittances coursed through banks stood at $2.36 billion in February, up 2.5% year-on-year from same period a […]
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Thailand
