The crash in international tourism due to the coronavirus pandemic could translate to over $4 trillion loss in global Gross Domestic Product (GDP) for 2020 - 2021. unwto_logo Ironically, tourism losses are reduced in most developed countries but worsened in tourist-dependent developing countries...
Foreign direct investments (FDI) into the Philippines in 2020 declined to $6.542 billion from $8.671 billion in 2019, although the country’s outward foreign direct investments (OFDI) rose slightly to $3.525 billion, according to the latest UNCTAD World Investment Report (WIR). The WIR 2021...
The United Nations Conference on Trade and Development (UNCTAD) has called out the Philippines to keep in check potential power market abuse in the logistics sector, citing serious competition issues, including high freight cost and shortage in containers disrupting supply chains during this...
The Philippines, one of the largest economies in Southeast Asia, is expected to continue its poor economic performance this year due to elevated and persistent infection cases, according to the latest report of the UN Conference on Trade and Development (UNCTAD). According to the UNCTAD’s...
The Philippines slipped 10 notches lower to 96th from 86th in the 2020 global e-commerce readiness index, the United Nations Conference on Trade and Development (UNCTAD) reported. The UNCTAD Business-to-Consumer (B2C) E-commerce Index 2020 where Switzerland climbed to the top spot replacing...
Foreign direct investments (FDI) in the Philippines rose by 29 percent to $6.4 billion 2020, bucking the overall hefty contraction in southeast Asian countries, according to the United Nations Conference on Trade and Development (UNCTAD). In its 38th Global Investment Trends Monitor, UNCTAD...
Global maritime trade is expected to plunge by 4.1 percent in 2020 due to the unprecedented disruption caused by COVID-19 that also transformed the industry and associated supply chain, UNCTAD said in its Review of Maritime Transport 2020 . The report also warned that new waves of the pandemic that...
Foreign direct investments (FDIs) in South East Asia in the first semester of 2020 contracted by 20 percent, but the Philippines is one of only two exceptions that bucked the investment trend with its FDI inflows rising 20 percent, the United Nations Conference on Trade and Development (UNCTAD)...
