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Philippines: Property remains viable investment

MANILA, Philippines — Property remains a viable investment despite the uncertainties brought about by the pandemic, according to Ayala Land Inc (ALI). While its mall operations have been affected by the negative business environment, ALI maintains its optimistic outlook for the sector through long-term investment strategy and innovative business approach. Investors can use it as […]

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Optimism about Vietnam economic rebound

The Hanoitimes – Despite high economic openness and growing global uncertainties, Vietnam’s economy still maintains its resilience and is on track for a V-shaped recovery, stated economist Nguyen Minh Phong. The Vietnamese government targets economic growth of 2% to 3% in 2020, 6% in 2021, however, it remains quite modest compared to positive assessment from international […]

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Starbucks Officially Announces Entry into Laos

Starbucks has announced that it plans to open outlets in Laos as it expands its network of over 10,000 stores in Asian countries. The Seattle-based coffeehouse has said it is to open its first store in Vientiane Capital in 2021, which would make it the 17th Asian market in which the coffee chain operates. According to its website, […]

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Malaysia’s manufacturing PMI at 48.5 in October

PETALING JAYA: The headline IHS Markit Malaysia Manufacturing Purchasing Managers’ Index (PMI) dipped for the fourth successive month in October as rising Covid-19 case numbers and renewed restrictions to try to prevent its spread stymied the manufacturing sector’s recovery. IHS Markit said the composite single-figure indicator of manufacturing performance fell to 48.5 from 49.0 in […]

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Philippines factory activity among worst worldwide

MANILA, Philippines — The downturn in output of the Philippine manufacturing sector was among the steepest in the world in the first nine months of the year, according to IHS Markit.  In a recent research brief, the market intelligence firm said that among the 31 countries monitored for manufacturing conditions from January up to September this […]

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