Global financial institutions have provided a more positive outlook for Cambodia’s economic outlook because the country has been far less affected by COVID-19 than others. Cambodia’s Ministry of Economy and Finance (MEF) claimed that the prediction is based at least in part on the government’s comprehensive anti-COVID efforts. The World Bank’s October 2020 Economic Update […]
Read MoreIndonesia booked its highest exports in six months, driven by rising shipments of agricultural and manufactured goods in September, Statistics Indonesia (BPS) announced Thursday. In a sign of improving global demand, Indonesia has booked a trade surplus for five consecutive months. Exports jumped 6.97 percent month-to-month (mtm) in September to US$14.01 billion, the highest recorded […]
Read MoreThe maximum drawdown for the Bank of Thailand’s soft loans, set at 20% of each bank’s loans outstanding as of year-end 2019, could be too little for some customers, says a bank executive. For instance, if a customer has borrowed for seven consecutive years, the existing credit line may not be adequate, making 20% of […]
Read MoreMANILA, Philippines — Mall and other space owners were asked on Thursday not to evict stalls unable to pay their rent and instead extend relief to tenants disproportionately battered by the pandemic. “Sales have plunged to their worst in decades. There has been a cascade of store closures and jobs losses,” Benedicto Yujuico, president of […]
Read MoreIn 2019, China was Brunei Darussalam’s fourth largest trading partner with trade flow amounting to approximately BND1.5 billion accounting for 8.9 per cent of Brunei’s total trade. In addition, China was Brunei Darussalam’s largest source of imports amounting to approximately BND915 million accounting for 13.1 per cent of total imports and China was the sultanate’s […]
Read MoreSalaries increased by 6.5% this year at multinational companies (MNCs) and 5.2% at Vietnamese companies, and are forecast to increase by 7 per cent and 7.7% next year, according to the Talentnet – Mercer Total Remuneration Survey. Speaking at a webinar held to release the survey on Wednesday, Hoa Nguyen, the company’s senior principal, human capital […]
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