Philippine peso hits 54.065 per 1 US dollar, weakest since Oct 2018
The local currency’s continued depreciation further confirms international banks and economic consultancies’ predictions, citing a widening trade deficit.
Big Picture
Multinationals summit to promote further opening-up
A total of 313 foreign multinational companies from 31 countries and regions have signed up for the summit's offline events to date.
China’s restaurants adapt to open new revenue stream amid virus outbreaks
After the monthlong suspension of dine-in operations, restaurants are embracing online takeout and delivery services that have proved effective for many businesses to stay afloat.
Restaurants on the verge of closing their doors
Facing a manpower shortage, a restaurant owner said most of his staff was from outside Malaysia, many of who returned home or lost their permits during the Covid-19 pandemic.
Vietnamese lychees aim to go global
Lychees of the Thanh Ha variety has been making a name for itself in many markets.
Thailand’s competitiveness ranking slips five places to 33
An industry expert posited that both state and private sectors would need ‘agility’ and resilience in responding to the fluctuating global economic situation to remain…
Southeast Asian countries compete to reattract tourists
With nations easing entry restrictions, hopes are running high that travellers will return.
Highest observatory in world will give Tibet a better view of the galaxy
A major advantage of the location of the new observatory is that the air in Lhasa is clean, which allows clear views of orbiting objects and distant celestial bodies.
Green BRI to push global low-carbon drive: Chinese vice-minister
China will roll out measures to enhance the capabilities of Belt and Road Initiative countries on green financing to help them realise their low-carbon development goals.
Young Malaysian investors unfazed by cryptocurrency crash
George Wong of Access Blockchain Association Malaysia stated, “drops like this are cyclical and it is not the first time such a slump has occurred”, as indicated by the one in…