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PHL among most risk-exposed Asian economies due to slow vaccination
May 20, 2021 | 12:34 am
By
Reporter
THE PHILIPPINES’ economic recovery may continue to lag behind its Southeast Asian neighbors this year, due to the sluggish pace of its coronavirus vaccine rollout, according to Paris-based investment bank Natixis.
While some economies that have contained the coronavirus disease 2019 (COVID-19) infections can afford to have a slow vaccination drive, Natixis Asia Pacific Chief Economist Alicia Garcia-Herrero said the Philippines, Thailand and Malaysia could face risks due to their dependence on international mobility and the coronavirus surge.
“Indonesia, Thailand, Taiwan, the Philippines, and Vietnam have still failed to acquire the necessary dosages for mass immunization. That said, demand remains weak from the public,” she said in a note.
This article is part of our special report Re-connecting Europe.
Last year, China launched its bid to shape global data governance, eager to create its own approach alongside those created by the United States and the EU. Since then, it has been working on a comprehensive data protection framework that could be a game-changer for potential Western investors.
In September, China launched its Global Initiative on Data Security. A month later, Beijing presented the draft Personal Information Protection Law (PIPL), a set of privacy rules experts say are inspired by the General Data Protection Regulation (GDPR), the landmark EU privacy law.
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May 10 (Reuters) - Analysts in April hiked 12-month earnings
estimates for Asian companies by the largest amount in five
months, data showed, as manufacturing activity and demand for
the region s exports rose.
Analysts lifted forward 12-month earnings by 3.2% in April,
the highest since December, according to Refinitiv data.
The big upgrades came as regional economies such as South
Korea, Taiwan and Vietnam saw an increase in factory output and
shipments thanks to a rise in demand from developed economies
which are making a fast recovery from the coronavirus crisis.
Manishi Raychaudhuri, head of Asia-Pacific equity research
at BNP Paribas, said remote working and accelerating adoption of