MANILA, Philippines — The non-performing loan ratio (NPL) of local banks may double to 4.6 percent by end-December from 2.4 percent in March as businesses and consumers grapple with the impact of the pandemic, according to a survey conducted by the Bangko Sentral ng Pilipinas (BSP). In a virtual conference organized by Japan-based Nomura, BSP […]
Read MoreRetailers more than ever are leaning on cloud computing to capitalize on a surge in online shopping without overloading their information-technology systems. Sparked by the coronavirus pandemic, the upswing in e-commerce is a boon to most cloud vendors, but especially Google’s cloud-services unit. Google Cloud, a division of Alphabet Inc., trails far behind front-runners Amazon.com […]
Read MoreReal estate firms are again postponing sales and investment plans after new Covid-19 cases were discovered in late July in Da Nang. According to experts, bad signs appeared in the real estate market at the beginning of the year. And the Covid-19 outbreak worsened the situation quickly. Realtors hoped that the market would see a […]
Read MoreJAKARTA: Hundreds of Indonesian workers rallied outside the nation’s parliament against a sweeping legislation meant to make it easier for companies to hire and fire employees, undermining President Joko Widodo’s efforts to boost investment and revive an economy battered by Southeast Asia’s worst coronavirus outbreak. The Confederation of Indonesian Trade Unions asked the lawmakers to […]
Read MoreKUALA LUMPUR, Aug 26 — Economists pinned the country’s worst-ever second quarter GDP contraction on Putrajaya’s imposition of movement control ahead of regional rivals and said Malaysia still performed reasonably well when this was considered. Economic growth from April to June contracted 17.1 per cent, Bank Negara Malaysia announced last week, as domestic spending and […]
Read MoreMANILA, Philippines — Shakey’s Pizza Asia Ventures Inc., the listed restaurant chain operator, is bringing Singapore’s R&B milk tea brand to the Philippines, marking its foray into the popular segment. Shakey’s entered into a master franchise agreement with Singapore-based Koufu Group Ltd. as it hopes to take advantage of the growing milk tea and bubble […]
Read More
Thailand
