Entering the year must be full of hopes and expectations but through the observation in the midst of a continuous pandemic, The Philippines is expected to be the last Asia-Pacific nation to fully rebound from the pandemic-induced contraction, with a recovery projected only in the fourth quarter of 2022, although other economies are set to restore all their lost production …

The government has vowed to boost its attempts to rehabilitate the tourism sector in Phuket, which has been hammered on both its short-term and long-term targets by the pandemic. His advisory committee, headed by Thosaporn Sirisamphand, former secretary general of the National Economic and Social Development Council, has already been instructed by Prime Minister Prayut Chan-o-cha to finalize the recommendations …

METRO MANILA – The Philippines and Japan signed an agreement on Tuesday for a 50-billion yen (P23 billion), which the Palace can use to spend on post-disaster response efforts not only during natural calamities but also disease outbreaks. Foreign Affairs Secretary Teodoro Locsin Jr. and Japanese Ambassador Koji Haneda met yesterday to formally finalize the Post Disaster Stand-by Loan Phase …

Prime Minister Prayut Chan-o-cha says he has appointed Foreign Minister Don Pramudwinai a deputy prime minister because he wants the ministry to play a greater role in economic support. Six new people have been included in the cabinet shakeup revealed as previously reported by the media. However, to the surprise of many, Mr Don is the only sitting minister who …

The opposition would seek to scale back funds earmarked for non-essential construction projects as well as defense spending during the review of the Fiscal 2021 budget bill of 3.3 trillion baht that passed its first reading in the House on Friday evening. A 72-member committee was created to review the budget package following the referendum, where the legislation approved with …

Malaysia has been recognized as one of the world’s most successful countries in dealing with and controlling the Covid-29 pandemic, Premier Tan Sri Muhyiddin Yassin said. Speaking to around 250 workers of the Department of Prime Minister at their meeting here today after the introduction of the Movement Control Order (MCO), Muhyiddin said the success was due to the hard …

ASEAN regional bloc secretary general Datuk Lim Jock Hoi said that the member nations should reevaluate its economic path that is more inclusive, sustainable and digitally enabled post covid-19 economy. In the  virtual conference of Covid-19 economic recovery plan series by CIMB Asean Research Institute (CARI) last Friday, Lim shared his insights on how this current health crisis and its …

Asean leaders on Friday collectively agrees to seek measures that could ease the impact of the coronavirus pandemic and eventually give way to economic recovery in the region. Asean Business Advisory Council (Asean BAC) held video conference during their 17th Dialogue last Friday to discuss the key role that the private sector will play to help the region recover amid …

Regional aviation and port markets have changed slightly, but they still have a long path to recovery. Affin Hwang Capital Research said it had been reinforced by a virtual meeting with five industry players that the sectors would not recover until at least next year. The company recently hosted Malaysia Airports Holdings Bhd, Westports Holdings Bhd, MMC Corporation Bhd, Pos …

A senior civilian director recently said that international flights for tourists are not likely to resume in Thailand until late September. He attributed the reluctance to uncertainty over the government’s policies on international travel. Civil Aviation Authority of Thailand director Chula Sukmanop, recently said that none of the airlines he had talked to expressed interest in resuming their international flights …