WITH some global banks rolling back their most dire projections on how the pandemic will hit their books this year, the focus falls on Singapore banks to see how their performance in Asia would square in Q3. As Malaysia’s loan moratoriums have been tightened from automatic qualification to targeted debt holidays for applicable borrowers since […]
Read MoreThe Hanoitimes – The first phase of the two runway upgrade projects of Noi Bai and Tan Son Nhat airports are expected to be completed by the end of 2020, and become operational in early 2021. Permanent Deputy Prime Minister Truong Hoa Binh has urged contractors to finish the upgrade of the runways at Noi Bai […]
Read MoreThe Commerce Ministry looks set to propose the cabinet remove three services — telecommunications, finance and software development — from List 3 of the Foreign Business Act (FBA) to facilitate foreign investment in Thailand. Thosapone Dansuputra, director-general of Business Development Department under the Commerce Ministry, said the department has already completed the draft to remove […]
Read MoreIndonesia’s capital Jakarta will increase minimum wages next year for select businesses despite a government advisory to keep pay unchanged to avoid further job losses during the pandemic. The monthly minimum wage will rise by 3.27% to 4.42 million rupiah (9,400 baht) in 2021 for workers in businesses less impacted by the virus outbreak, according […]
Read MoreMANILA, Philippines — The Philippines continues to fail in producing enough food for the growing population as the country’s rice self-sufficiency has declined to 79.8 percent in 2019, resulting in higher import dependency for Filipinos’ main staple. Based on a report from the Philippine Statistics Authority (PSA), the country’s self-sufficiency ratio (SSR) of rice settled […]
Read MoreThe Hanoitimes – Anecdotal evidence suggested that success in bringing the Covid-19 outbreak under control in Vietnam had helped lead to a recovery in customer demand. The Vietnam Manufacturing Purchasing Managers’ Index (PMI) posted 51.8 in October, down marginally from 52.2 in September, but still signaling an improvement in the health of the sector as business […]
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