TECHNOLOGY investments are the top investment priority for small businesses in South-east Asia this year. They are counting on technology to overcome the impact of the Covid-19 pandemic on their operations.
Asean leaders actively engaged with the Asean Business Advisory Council (Asean BAC) via video conference during their 17th Dialogue last Friday.
The Philippines’ gross domestic product (GDP) will likely shrink by 5.7-6.7 percent in the second quarter of 2020, much higher than the 0.2 percent contraction in the first quarter, according to Governor of the Bangko Sentral ng Pilipnas (BSP) Benjamin Diokno.
Local enterprises are being urged to strictly follow consumer trends, strive to improve product quality, and ensure reasonable prices in the face of fierce competition from other countries within the ASEAN bloc.
The COVID-19 pandemic has caused losses of about 45 billion ringgit (around 10.5 billion USD) to Malaysia’s tourism and cultural industries in the first half of 2020.
As businesses across Thailand reopen, economic recovery may depend on support for domestic tourism and efforts to break up monopolies. Though foreign tourism is on pause, tourism brands in Thailand are still attractive to foreign investors.
Cambodian Prime Minister Hun Sen said that the COVID-19 pandemic has created good opportunities for ASEAN countries to boost regional trade at the ASEAN-BAC, which took place on June 26 within the framework of the 36th ASEAN Summit.
The 36th ASEAN Summit, the first official top-level meeting of the regional bloc in 2020 when Vietnam serves as the ASEAN Chair, will take place online on June 26 under the chair of Prime Minister Nguyen Xuan Phuc.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
