Tag Archives: Asia

Asia-Pacific Region IMF sees Philippine economy shrinking further by 3.6pc in 2020 The Philippine economy will contract further this year due to the global economic disruption brought about by the COVID-19 pandemic, International Monetary Fund projections indicate. In its World …

Personal protective equipment (PPE) has arguably become the most sought-after commodity in the world. The COVID-19 pandemic has led to a global shortage of this equipment. This has created an opportunity for garment factories across Asia, which have lots of …

Asia-Pacific Region Philippines allows malls, more businesses in capital to reopen The Philippines has allowed malls and more businesses in the capital to partially reopen on May 16 after a two-month lockdown that shrank its economy. Restaurants with delivery and …

ASIA-PACIFIC REGION Philippines GDP declines for first time since 1998 on shutdowns The Philippine economy contracted in the first three months of 2020 as restrictions to stem the coronavirus outbreak shut most businesses and sapped consumption, a trend seen worsening …

Asia-Pacific Region Indonesian businesses look to Singapore, Malaysia for Covid-19 measures Indonesian businesses are looking at neighboring countries for coronavirus responses as Southeast Asia’s most populous country faces increasing pressure to escalate its own measures, including potentially locking down the …

Asia-Pacific Region China should not rely on massive stimulus to overcome ‘unprecedented’ economic slowdown China should not try to bolster its coronavirus-hit economy by again resorting to a massive debt-fuelled fiscal and monetary stimulus programme, according to a group of …

ASIA-PACIFIC REGION Myanmar says air passenger numbers diving because of coronavirus Passenger arrivals at Myanmar’s three international airports have tumbled 36 percent so far in February from the prior month because of the travel curbs sparked by the novel coronavirus …

Philippines notifies US of intent to end major security pact The Philippines notified the United States on Tuesday it would end a major security pact allowing American forces to train in the country, in the most serious threat under President …

CPEC: The bigger scenario Why is Washington making a song and dance about the China-Pakistan Economic Corridor (CPEC)? Are their reservations with regard to the multi-billion programme rooted in deep concerns for Pakistan’s long-term wellbeing? Do – like caring parents …

New York City followed in the footsteps of San Francisco and Philadelphia on Thursday by voting to ban all brick-and-mortar stores from refusing cash as a form of payment. The city council passed the legislation almost unanimously, with a primary …

Slowing Indian economy weighs on insurance and reinsurance sectors Slowing Indian economy will weight on insurance premium growth over the next two-three years, Moody’s Investor Service said on Tuesday. However, supportive measure taken by the regulator Insurance Regulatory and Development …

Vietnam aims to grow its economy by 7pc this year Vietnamese officials aim to expand their economy by 7percent this year, among its fastest rates ever and quicker than world factory powerhouse China, due to investment in manufacturing, lack of …