MANILA, Philippines — Banks continued to hold back from lending as loans in their books start to turn sour with the unwinding of regulatory relief extended to customers battered by the pandemic. Outstanding loans by big banks, net of their lending to each other, inched up 2.8% year-on-year as of September, sustaining a weakening trend […]
Read MoreThe Covid-19 pandemic has forced retailers to shift from traditional sales to online sales to adapt to the new circumstances. In late August, Doan Van Hieu Em, CEO of The Gioi Di Dong (Mobile World), the largest mobile phone distribution chain in Vietnam, for the first time appeared on a livestream to sell products. The […]
Read MoreDIGITAL economies in Vietnam and Indonesia managed double-digit growth despite headwinds from the Covid-19 pandemic, although Singapore’s fell 24 per cent to US$9 billion. According to the 2020 South-east Asia e-Conomy report by Google, Temasek and Bain & Co, Vietnam’s Internet economy grew 16 per cent to reach US$14 billion in gross merchandise value (GMV), […]
Read MoreMyanmar trade deficit in goods with Singapore was estimated at US$10.72 billion in the past four years, the statistics issued by the Central Statistical Organization under the Ministry of Planning, Finance and Industry indicated. The value of Myanmar’s bilateral trade with Singapore topped $15.46 billion between the FY2016-2017 and the FY2019-2020 (as of August). The […]
Read MoreMANILA, Philippines — Soured loans of Philippine banks continued to pick up for the ninth straight month, hitting the highest level in more than seven years due to the impact of the COVID-19 pandemic. Preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed the gross non-performing loan (NPL) ratio of the banking sector rose […]
Read MorePETALING JAYA: Restrictive measures following the rise in the number of new Covid-19 cases will add pressure on job creation in the fourth quarter, possibly raising the unemployment rate for the year. Analysts noted that the labour market had benefited from the relaxation of restrictive measures in the third quarter on the back of stronger […]
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Thailand
