SINGAPORE (BLOOMBERG) – Singapore stocks took a beating this week amid the twin uncertainties of the US election and the worsening pandemic in the West, almost replacing Thailand as Asia’s worst equity market this year. The Straits Times Index (STI) fell 1.1 per cent on Friday (Oct 30), taking the 2020 decline so far this year to […]
Read MoreLocal commercial banks are concentrating on debt restructuring and asset quality rather than business growth amid fragile economic conditions that could linger into next year. Pipatpong Poshyanonda, co-president of Kasikornbank (KBank), said the bank will continue paying attention to helping customers with debt restructuring for next year, together with seeking new business opportunities. Despite participating […]
Read MoreSINGAPORE – Singapore’s labour market showed signs of improvement in the third quarter, but the overall job market picture remains gloomy ahead. While there was some bounce-back in local employment numbers, it is a faint silver lining amid the backdrop of rising retrenchments and declining overall employment, economists said. The total unemployment rate came in at 3.6 […]
Read MoreBank Negara Indonesia’s (BNI) net profit fell sharply in the first nine months of the year due to higher provisioning following a steep increase in risky loans. The publicly listed bank’s profit was down almost 64 percent at Rp 4.32 trillion (US$294.5 million) as of the end of the third quarter from Rp 11.94 trillion […]
Read MoreWe knew our property sector was in an unsustainable situation. It was in a bubble dependent on POGOs and speculative money of the elite. They knew they were on borrowed time, but the cash flowing in was too good to ignore… bahala na. They also kept on building malls. No one asked the question: how many […]
Read MoreThe Hanoitimes – Nearly 75% of Vietnamese consumers expect cashless payment to grow further in the next 12 months. A survey conducted by global payment technology company VISA revealed 79% of Vietnamese consumers are in favor of the government initiative focused on transforming the country into a cashless society. Notably, the rate is the highest among […]
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Thailand
