The prolonged Covid-19 pandemic will likely leave up to 8 million people unemployed by the end of this year, says the Federation of Thai Industries. The economy in the second half of 2020 will not fully recover because the stimulus packages will take time to boost the economy, the FTI said on Thursday. FTI chairman […]
Read MoreMANILA, Philippines — The Asian Development Bank (ADB) has laid down a pipeline of 11 projects worth $4.2 billion for this year which include projects crucial to pandemic response. ADB said this will be a record lending for the Philippines, coming from $2.5 billion total lending last year, and precedes an indicative lending program of […]
Read MoreSINGAPORE (THE BUSINESS TIMES) – Rents of retail space in Singapore’s central region shrank 3.5 per cent in the second quarter of 2020 over the previous three months, after easing 2.3 per cent in the first quarter of 2020. Data released by the Urban Redevelopment Authority (URA) on Friday (July 24) also showed that prices […]
Read MoreSMALL and medium enterprises (SMEs) in Indonesia, Vietnam, and Thailand are among those that are most confident of their ability to survive and thrive after the Covid-19 pandemic, according to a study by technology firm HP. Their fellow Asean member Singapore, in contrast, was less optimistic, with only about half of respondents expecting to do […]
Read MoreThe Hanoitimes – Moody’s rating action concludes the review for downgrade initiated on April 7, 2020. Moody’s Investors Service has confirmed the long-term ratings and assessments of three finance companies and two banks in Vietnam. The three finance companies are VPBank Finance Company Limited (FE Credit), Home Credit Vietnam Finance Company Limited (HCV), and SHB Finance […]
Read MoreDuty-free retail giant King Power expects sales to plummet by 50% this year to about 90 billion baht, largely because of the impact of the Covid-19 pandemic. Aiyawatt Srivaddhanaprabha, the group’s chief executive, said that while the company has shifted to selling duty-free products online after all shops were closed from March 22 to May […]
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