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MANILA (BLOOMBERG) - Snaking queues at Manila food banks have become a common sight as the economy continues struggling a year after the Philippines' first coronavirus lockdown. It's a sharp contrast to 2018, when hundreds lined up for the grand opening of Uniqlo's Global Flagship Store in Manila, its largest outlet in South-east Asia. Over the last decade the Philippines had managed to throw off its mantle as the "sick man" of Asia, with its 109-million strong population driving a consumption-led economy. An outsourcing boom and remittances from legions of citizens working abroad helped rais...

Staff of SS2 Nasi Kayu Kandar putting up the notice of Operating hour from 8am - 8pm start from 25 May 2021. Due to New SOP of the standard operating procedure for MCO 3.0 ( MAY 23, 2021 ). - ART CHEN/The Star Economy MIDF Research economist Mazlina Abdul Rahman said the projected daily output loss to Malaysia's economy due to a full-scale MCO would be around RM500mil to RM600mil. This estimate was based on the assumption the full-scale MCO in Selangor will be as strict as the first MCO in March last year where more than 50% of the economic sector was shut down and only selected essential ec...

The Philippine economy won’t regain its pre-pandemic level until the end of 2022, said Katrina Ell, an economist at Moody’s Analytics Inc in Sydney. “This makes the Philippines the clear laggard in Asia, ” she said. MANILA: Snaking queues at Manila food banks have become a common sight as the economy continues struggling a year after the Philippines’ first coronavirus lockdown. It’s a sharp contrast to 2018, when hundreds lined up for the grand opening of Uniqlo Co’s Global Flagship Store in Manila, its largest outlet in South-East Asia. Over the last decade, the Philippines had...

(Bloomberg) -- Snaking queues at Manila food banks have become a common sight as the economy continues struggling a year after the Philippines’ first coronavirus lockdown. It’s a sharp contrast to 2018, when hundreds lined up for the grand opening of Uniqlo Co.