MANILA, Philippines — Banks’ bad loans went up by 18.3 percent to P252.64 billion as of end-April from P213.51 billion in the same period last year amid the sharp rise in past due as well as restructured loans due to the coronavirus disease 2019 or COVID-19 pandemic, according to the Bangko Sentral ng Pilipinas. Data […]
Read MoreThe Hanoitimes – Many provincial authorities also have recommended allowing the entry of foreign experts and managers to run on-going projects. Prime Minister Nguyen Xuan Phuc has agreed to relaunched air services between Vietnam and regions where no new coronavirus cases have been found in the past 30 days as the country seeks to reboot its […]
Read MoreThe World Bank has slashed Thailand’s GDP outlook for 2020 to a 5% contraction, a drastic cut from 2.7% growth projected previously, as supply chain disruptions and lockdown measures from the coronavirus crisis have triggered an economic downturn. “Factory closures and the disruption of the production of intermediate inputs have had a negative impact on […]
Read MoreCambodia will not show concern over the impact of the ratification of the European Union (EU)-Vietnam Free-Trade Agreement (EVFTA) which is expected to enter into force on Aug 1, according to senior government officials. The officials said that the Cambodian government has been issuing many sharp measures to boost the country’s competitiveness and to support […]
Read MoreAsean, including Myanmar, will work together to restore economic growth in the region by enhancing regional trade and economic cooperation. This will include efforts to address trade barriers, promote trade and investment, and expand fields of cooperation, according to a statement released by the trade bloc to mitigate the economic impact of COVID-19, issued last […]
Read MoreThe Hanoitimes – The merger will make the race in the e-commerce market more exciting. A source from the Department of E-Commerce and Digital Economy under the Ministry of Industry and Trade has confirmed that Tiki and Sendo had notified their intended merger to the department, VnExpress reported.. Last month, DealStreetAsia reported that major shareholders including Tiki’s JD.com and Sendo’s […]
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