Despite improvement in July, Indonesia’s manufacturing industry has yet to recover from the deep downturn earlier this year, as domestic consumption remains weak, economists and businesspeople have said. IHS Markit’s Manufacturing Purchasing Managers’ Index (PMI) for Indonesia, a gauge of the country’s manufacturing activities, climbed by almost eight points from 39.1 in June to 46.9 […]
Read MoreAnalysts from real estate consultant Jones Lang LaSalle have said domestic and foreign investors alike are actively seeking to purchase high-end hotels in downtown areas, mostly due to limited land supply. Restricted credit going to domestic investors is also expected to see more foreign investors arrive, especially those hoping to buy shares in existing projects. […]
Read MoreThe Myanmar economy is projected to rebound faster than regional and global averages and will benefit from China’s relatively swift recovery, according to Oxford Business Group’s report called Covid-19 Response Report (CRR) , produced in partnership with the medical equipment supplier Okkar Thiri. While no economy remains immune to the negative effects of Covid-19, the […]
Read MoreIn anticipation of higher loan defaults MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has ordered banks to conduct a comprehensive assessment of the impact of the COVID-19 pandemic on the industry’s loan portfolio in anticipation of higher defaults. BSP Deputy Governor Chuchi Fonacier said BSP-supervised financial institutions should be able to distinguish borrowers […]
Read MoreThe Bank of Thailand is expected to hold its key interest rate steady on Wednesday and preserve its limited ammunition for later, even as the coronavirus pandemic pushes the economy towards its worst annual performance ever. All but two of 26 economists in a Bloomberg survey expect the central bank to keep its key rate […]
Read MoreThe EU-Vietnam Free Trade Agreement (EVFTA), which came into force on August 1, is hoped to create a driving force to help Vietnam reap further achievements in poverty reduction and economic growth. A World Bank study said the EVFTA will help an additional 0.1 – 0.8 million people escape poverty by 2030, equivalent to a […]
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