Asia pacific business review

The minister hailed the companies for maintaining safe breeding in the recent past despite the threat of the African swine fever (AFS) epidemic. As of March 10, the country’s pig stocks stood at nearly 24 million, equivalent to 74 percent of the stocks before the hit of the AFS in 2018, and are expected to reach the pre-AFS epidemic number at the end of the third quarter or beginning of the fourth quarter. … [Read more...] about BUSINESS NEWS HEADLINES APRIL 4

TTC Energy’s track record includes solar projects with a combined output of more than 700,000 kW in Jamona City and Jamona Golden Silk, which the firm claimed help cut emissions by 232 tonnes per year. TTC Energy has also been working with large supermarket chains including Saigon Co.op, Giga Mall Pham Van Dong, cinema chain Galaxy and tourism park Dam Sen. … [Read more...] about BUSINESS NEWS HEADLINES APRIL 5

Singaporean markets slumped on Friday after the city-state shutdown most businesses to fight the coronavirus, while the energy-heavy Thai index was boosted by rallying oil prices and hopes of stimulus to support its economy.       … [Read more...] about SE Asia Stocks-Thailand posts best week since 2015 on oil surge; Singapore down

Hanoi (VNA) – Millions of labourers in Southeast Asia could lose their jobs as economies grind to a halt due to impact of the COVID-19 pandemic, according to a report by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP). In the policy paper on the Asia Pacific region issued on March 26, ESCAP noted that while exact data on the impact of the pandemic on employment remained unavailable, the impact is likely to be substantial as services and labour-intensive manufacturing comprise over 80 percent of the region's informal sector and small and medium enterprises (SMEs) and contribute to most of the jobs in the region. The report stressed the need for countries with weak social protection systems to have ample policy space to save jobs and support minimum living standards for households. Meanwhile, in its report issued on April 3, the Asia Development Bank projected that growth in Southeast Asia will decelerate from 4.4 percent in 2019 to 1 percent … [Read more...] about COVID-19 to force millions of Southeast Asian labourers to lose jobs

In coastal areas of Ben Tre Province, after mass die-off of thousands of tons of clams, cooperatives and farmers have cleaned up the farming areas to prevent pollution and are closely monitoring the salinity level to wait for favorable conditions to increase clam farming for export. In Soc Trang Province, Mr. Vo Van Choi, Chairman of the People’s Committee of Ngoc To Commune in My Xuyen District, said that in the past months, due to high salinity levels, nearly 1,900 hectares of shrimps were behind schedule. To prevent losses, authorities recommended farmers to raise shrimps perfunctorily and sparsely with low density. At the same time, farmers should closely monitor and wait for the salinity to decline before increasing shrimp farming in the future. According to Mr. Nguyen Van Quoc, Deputy Head of the Department of Fisheries of Tra Vinh Province, every year, the province raises 25,000 hectares of shrimps but this year, the raising ratio merely accounts for 30 percent of that … [Read more...] about Mekong Delta provinces increase production after saltwater intrusion, drought