Easing the restrictions to contain the coronavirus outbreak seems to be a gamble the government has to make, since businesses could be wiped off the radar on Wongnai and other lifestyle super apps. But the move could be a make or break for the masses, and a second wave of the disease remains a key […]
Read MoreAFP – Some oil-hungry Asian nations are taking advantage of the collapse in prices caused by the Coronavirus pandemic to build up their crude stockpile.Here are some questions and answers about strategic reserves and the region’s oil supplies: Strategic reserves are stockpiles of oil and other fuels held by governments in secure storage facilities to cover […]
Read MoreConsumer goods giant PT Unilever Indonesia reported a 6.53 percent growth in net profit in the first quarter of 2020 as domestic and foreign sales saw an upsurge amid the COVID-19 pandemic. The publicly listed company, which owns soap brand Lifebuoy and Lipton tea, among other brands, reaped a net profit of Rp 1.86 trillion […]
Read MoreNguyen Kim home appliance distribution chain has been acquired by Central Retail of Thailand. The deal was made in June 2019, but the information was revealed when Central Retail Corporation (CRC), a subsidiary of Central Group, had an IPO on February 20, 2020. The prospectus of the company showed that Nguyen Kim’s business results have […]
Read MoreMANILA, Philippines — Companies and individuals have been given more time to file their various tax returns and make the corresponding payments as the enhanced community quarantine in the National Capital Region (NCR) and nearby provinces has been extended anew, according to the Bureau of Internal Revenue (BIR). Finance Secretary Carlos Dominguez and Internal Revenue […]
Read MoreSINGAPORE (BLOOMBERG) – Factory output across several Asian countries slumped to record lows in April, signalling a deeper contraction in the world’s manufacturing hub even as China begins restarting some operations. Purchasing Managers’ Indexes (PMIs) across South-east Asia slumped further below 50, the dividing line between contraction and expansion, to post their weakest readings since […]
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