Asian and European markets mostly rose on Tuesday with investors taking reassurance from news that China and the US had agreed to press on with their trade pact, while hopes for a virus treatment provided extra support. The gains followed yet another record day on Wall Street as coronavirus cases appear to be slowing in […]
Read MoreIndonesia’s economic recovery is “fragile” as state revenue weakened in July after an improvement recorded in the previous month, Finance Minister Sri Mulyani Indrawati said on Tuesday, warning that the country may enter recession in the third quarter. State revenue collection improved in June compared with May following the government’s decision to ease large scale […]
Read MoreMANILA, Philippines — Banks are seen weather the coronavirus pandemic with capital buffers nearly holding steady against a projected rise in bad loans, a scenario doubted by senators hearing a rescue bill meant to keep lenders afloat during the health crisis. Local lenders would likely end the year with capital adequacy ratio of 14.8% on a consolidated […]
Read MoreThe State Railway of Thailand (SRT) hopes to submit plans by next year for the second phase of the high-speed train route in the Eastern Economic Corridor (EEC) that would see it extended to Trat province. Kanit Sangsubhan, secretary-general of the (EEC) Office, on Tuesday gave an update on plans for the second phase of […]
Read MoreDepartment of Rural Development and Cooperatives, under Ministry of Agriculture and Forestry on Monday, shared a brainstorming session with experts from China, Japan, Thailand, and Vietnam looking at improving policies to support Lao cooperatives, farmers and socio-economic development. The ‘Brainstorming Meeting on the Draft Decree on Groups and Cooperatives’ video conference aimed to summarise lessons […]
Read MoreThough the second wave of COVID-19 dashed hopes for quick tourism recovery in 2020, real estate services firm CBRE Vietnam believed the industry’s long-term outlook remains positive. In a recent hotel insights report, CBRE Vietnam said the outlook for Vietnam’s hotel sector remains positive in the long run thanks to expected improvements in infrastructure, favourable […]
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