For more than eight years, Luong Thi Kim Oanh bought cases of thread from China for her garment factory in Hanoi. Last month, rattled by an anti-China riot in her country, she placed her first order from South Korea.
By noon on a recent weekday, Nguyen Thi Hanh hadn’t sold a single mooncake at her sidewalk kiosk set up for the Mid-Autumn Festival on a busy street in Hanoi. She squatted on the ground to tend to her embroidery, instead.
The Philippine economy grew at the slowest pace in more than a year last quarter, with damage from Super Typhoon Haiyan further crimping the outlook for full-year expansion before a reconstruction boost.
After Lyn Lyn Rael’s three-room house was swept away by Super Typhoon Haiyan, leaving her husband and five children homeless, she borrowed 25,000 pesos ($570), the equivalent of two months’ wages, from her employer in Singapore to send to her family.