Page 15 - Development Unctad News Today

MP SPEAKS | Ministers who failed to save jobs should resign A - MP SPEAKS | The Perikatan Nasional federal government has dismayed Malaysians by failing to announce any concrete and substantial financial package to rescue the economy following the extension of the movement control order (MCO) from Feb 4 to 18.  While Chinese New Year celebrations will be muted and severely affected, what is of greater significance is the absence of an all-out commitment to save jobs and businesses. Ministers r...

Connect to trade Connect to trade Pandemic has exposed numerous roadblocks to global trade and could even hasten the end of inefficient, paper-based customs procedures. published : 1 Feb 2021 at 12:30 3 Every country trades in goods and services. Not only does trade fuel economic growth and provide jobs, it also raises the living standards of citizens. However, the prolonged Covid-19 pandemic has had a ripple effect throughout global trade and r...

Singapore’s FDI flows down 37pc 27th January, 2021 12:10:12 SINGAPORE: Foreign direct investment (FDI) flows into Singapore fell by 37 per cent to US$58 billion last year, noted an Investment Trends Monitor report by the United Nations Conference on Trade and Development (Unctad). Singapore’s FDI decline was gentler than the global contraction of 42 per cent to US$859 billion, from US$1.5 trillion in 2019. The collapse left FDI flows more than 30 per cent beneath the trough that followed th...

The countrys global bilateral trade, a quarter of which was with the Gulf bloc, reached $20.8bn last year

Rent and scoot away Two-wheeler renting is now affordable and hassle-free The unprecedented pandemic has affected people’s socio-economic life like never. Covid-19 has infected over 50 million people worldwide. India’s GDP contracted by 23.9 per cent in Q1 of 2020-21. This makes it one of the worst-hit nations. According to the United Nations Conference on Trade and Development (Unctad), Covid is likely to cost the global economy $1-2 trillion in 2020. Transportation plays a crucial role i...

Here’s Africa’s ‘fire exit’ from Covid-19 pandemic Monday December 14 2020 Kenya’s President Uhuru Kenyatta addresseS the second edition of Kusi Ideas Festival at Ciala Resort in Kisumu County, western Kenya, on December 8, 2020. PHOTO | SILA KIPLAGAT | NMG Summary On Blue Economy, Kusi sees potential of Lake Victoria to transform region vide youth and homegrown solutions. By PAUL WAFULA Increasing intra-African trade, innovation, and the blue economy will provide African economies a ...

The general consensus, it seems, to recover from the severe economic setback created by the pandemic is simply to reopen the economy. There is much agreement on this, with growth in 2021 forecast to range from 6.5 percent to 7.5 percent. An artwork at the Lagusnilad underpass in Manila. TMT FILE PHOTO This year, however, reminds us about the limitations of predictions. The Philippines was forecast to have robust growth in 2020, but mainly because of Covid-19, the country is, instead, expected t...