The effect of coronavirus disease 2019 or COVID-19 on the Philippine economy for the rest of the year deserves attention. The good prospects entertained for 2020 have been shattered by the onslaught of the pandemic, which required extreme measures that has put the economy to a halt. Assessing the immediate future. What is in store as […]
Read MoreIndonesia’s household spending is expected to contract this year as consumers turn pessimistic amid the COVID-19 pandemic, which has disrupted businesses and wiped out jobs. Consumer spending, which accounts for more than a half of the country’s GDP, grew by just 2.84 percent year-on-year (yoy) in the first quarter, a far cry from 5.01 percent […]
Read MoreThe internationally known “7-Eleven” convenience store brand has been marked to enter the Cambodian market in 2021, and will be operated by CP All (Cambodia) – a subsidiary of the Thai conglomerate Charoen Pokphand Group. CP All entered into a master franchise agreement with the Japanese-American owned 7-Eleven Inc. this week. CP All already operates […]
Read MoreThailand’s economy is facing a greater risk of deflation after a two-month easing of headline inflation, with global stock markets experiencing another sell-off trend this month, says Asia Plus Securities (ASP). Deflation is defined as a decline in the general prices of goods and services for six consecutive months. This week it was reported that […]
Read MoreChinese company China Good Cars Holding Ltd has announced a plan to invest $160 million in a heavy truck terminal on the outskirt of Phnom Penh in order to reduce traffic congestion in the city, according to the Ministry of Public Works and Transport. The plan was announced during a meeting between Minister Sun Chanthol […]
Read MoreCountries with a substantial domestic travel engine will be able to increase GDP figures and combat jobless rates better than those with more limited domestic demand reliant on inbound tourism, says STR, a hospitality market analyst. As nobody knows when the pandemic will end, the situation is precarious, with tourism restarting with the local market, […]
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Thailand
