MANILA, Philippines — Banks are seen weather the coronavirus pandemic with capital buffers nearly holding steady against a projected rise in bad loans, a scenario doubted by senators hearing a rescue bill meant to keep lenders afloat during the health crisis. Local lenders would likely end the year with capital adequacy ratio of 14.8% on a consolidated […]
Read MoreThe State Railway of Thailand (SRT) hopes to submit plans by next year for the second phase of the high-speed train route in the Eastern Economic Corridor (EEC) that would see it extended to Trat province. Kanit Sangsubhan, secretary-general of the (EEC) Office, on Tuesday gave an update on plans for the second phase of […]
Read MoreDepartment of Rural Development and Cooperatives, under Ministry of Agriculture and Forestry on Monday, shared a brainstorming session with experts from China, Japan, Thailand, and Vietnam looking at improving policies to support Lao cooperatives, farmers and socio-economic development. The ‘Brainstorming Meeting on the Draft Decree on Groups and Cooperatives’ video conference aimed to summarise lessons […]
Read MoreThough the second wave of COVID-19 dashed hopes for quick tourism recovery in 2020, real estate services firm CBRE Vietnam believed the industry’s long-term outlook remains positive. In a recent hotel insights report, CBRE Vietnam said the outlook for Vietnam’s hotel sector remains positive in the long run thanks to expected improvements in infrastructure, favourable […]
Read MoreMANILA, Philippines — Companies seeking to reduce dependence on China by diversifying supply chains amid the coronavirus disease 2019 (COVID-19) pandemic would have mixed implications on the Association of Southeast Asian Nations (ASEAN) economies, Moody’s Investors Service said. In a report titled, “Supply chain shifts and reshoring will have mixed impact on ASEAN region,” Moody’s […]
Read MorePETALING JAYA: As Covid-19 cases worldwide surpassed the 23 million-mark with over 800,000 deaths, global trade sentiment continues to be fragile despite the emergence of signs of recovery. The World Trade Organisation (WTO) said that while several indicators pointed to partial upturn in world trade and output in the third quarter, the strength of such […]
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