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Virus missteps could turn Philippines into Asia s laggard

The Philippine economy won’t regain its pre-pandemic level until the end of 2022, said Katrina Ell, an economist at Moody’s Analytics Inc in Sydney. “This makes the Philippines the clear laggard in Asia, ” she said. MANILA: Snaking queues at Manila food banks have become a common sight as the economy continues struggling a year after the Philippines’ first coronavirus lockdown. It’s a sharp contrast to 2018, when hundreds lined up for the grand opening of Uniqlo Co’s Global Flagship Store in Manila, its largest outlet in South-East Asia. Over the last decade, the Philippines had managed to throw off its mantle as the “sick man” of Asia, with its 109-million strong population driving a consumption-led economy.

Virus Missteps Could Turn Philippines Back Into Asia s Laggard

(Bloomberg) Snaking queues at Manila food banks have become a common sight as the economy continues struggling a year after the Philippines’ first coronavirus lockdown. It’s a sharp contrast to 2018, when hundreds lined up for the grand opening of Uniqlo Co.

Virus missteps could turn Philippines back Into Asia s laggard

Virus missteps could turn Philippines back Into Asia s laggard
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Drilling for hope - Can Apsara oil rescue KrisEnergy and fuel Cambodia s economy?

Share Drilling for hope - Can Apsara oil rescue KrisEnergy and fuel Cambodia’s economy? Thu, 25 February 2021 The Kingdom’s maiden oil project has two roles to play - to save a bleeding firm and to grow an economy The future of the Cambodian oil sector rests squarely on KrisEnergy Ltd’s shoulders, a promise it has had to make good since 2013. Just under a decade last year with the first extraction three days shy of the December 31 deadline to produce or risk contract cancellation, it fulfilled the pledge after overcoming hurdles. The hurdles consisted of regulatory and operational issues, as well as a protracted and steep oil price downturn since 2014 and the Covid-19 pandemic.

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