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Philippines Senate Passes Bill Allowing 100 Percent Foreign Ownership of Public Services

Philippines to Allow 100 Percent Foreign Ownership of Public Services

Further, the Philippines may face a long road to recovery than its ASEAN neighbors. It imposed harsher and longer-lasting lockdowns and stimulus packages issued by the government have been more conservative compared to other ASEAN members.
  • January 13, 2022
East Asia Forum

Uncertainty ahead for Xi’s China

Despite spectacular bounce-back growth in the first half of the year, China’s economy had slowed dramatically by year’s end. Worries centred on the property market, a perennial concern for over a decade due to fears of overheating. 
  • January 13, 2022
coronavirus

Two years ago: Thailand reports first case of Covid-19 outside China

On January 3, a few days after authorities reported a cluster of atypical pneumonia in Wuhan, Thailand started to screen passengers from China for symptoms of acute respiratory infection.
  • January 12, 2022
virus red arrow

Developing Economies risk “Hard Landing” in 2023 says World Bank

Growth in EAP is projected to decelerate to 5.1 percent in 2022, reflecting a slowdown in China. Thailand’s economy is expected to recover gradually over the next two years, with growth picking up in 2022 and strengthening to 4.3 percent in 2023.
  • January 12, 2022
manila

Philippines Introduces New Economic Zone Authority Visa for Foreigners

The PEZA applications are processed within 10 business days (from the previous time of 1 month) and the visa is valid for up to two years with the option of renewing once for another two years, for a maximum validity period of four years.
  • January 11, 2022
158db27f thailand steps up covid 19 curbs nationwide from 9 january 2022

Thailand steps up COVID-19 curbs nationwide

Published in the Royal Thai Government Gazette on 8 January, 2022, the announcement also officiated the Centre for COVID-19 Situation Administration’s (CCSA) decision to reopen 3 more Sandbox destinations – Krabi, Phang-Nga, and Surat Thani (only Ko Samui, Ko Pha-ngan, and Ko Tao) from 11 January, 2022 – in addition to Phuket. 
  • January 11, 2022
Online Shoppers Thailand

Wavering Consumers Confidence Due to Omicron Variant

According to TRA Vice President Chatchai Tuongratanaphan, the Retail Sentiment Index (RSI) for December 2021 showed a less-than-optimistic outlook due to new COVID-19 infections from the Omicron strain. The RSI in December was at 68.4, increasing only 6 points compared to 62.1 in November.
  • January 11, 2022