SINGAPORE – Both retail and office rents and prices in Singapore weakened in the first quarter of this year as businesses grappled with the economic fallout from the coronavirus outbreak, as shown by data released by the Urban Redevelopment Authority (URA) on Friday (April 24). The rents and prices of office space in the central region dropped […]
Read MoreCambodia’s fastest-growing ride-hailing app is stepping up to help businesses stay connected to their customers by offering its ‘final mile’ delivery solution – that businesses can use to serve their customers wherever they are in Phnom Penh. Launched this week the offer provides businesses a free month of TADA’s delivery service after sign up by […]
Read MoreMANILA, Philippines — S&P Global Ratings said credit losses of Philippine banks may reach $2 billion this year due to deteriorating asset quality arising from defaults amid the coronavirus disease 2019 or COVID-19 pandemic. Credit loss arises from delinquent and bad debt or other credit that is likely to default. Banks are required to set […]
Read MoreIn view of COVID-19, the Central Bank of Myanmar (CBM) has granted a three-year extension for banks to comply with four directives to better align the sector with international standards released in 2017. Banks now have until August 31, 2023 to comply with:Notification No. (16/2017) Capital Adequacy Regulation, Notification No. (17/2017) Asset Classification and Provisioning […]
Read MoreSINGAPORE – Private home prices fell less than initially estimated in the first quarter of 2020, but Singapore’s extended “circuit breaker” period against a sharp rise in Covid-19 cases will put more downward pressure on the property market. Private residential prices dropped 1 per cent in the January to March period from the previous quarter, according to […]
Read MoreThe Hanoitimes – Standard Chartered Bank is the latest institution to trim Vietnam’s growth projections due to weaker external demand and domestic consumption. Standard Chartered Bank has joined other financial institutions to trim forecasts for Vietnam’s 2020 economic growth, lowering its projections for the country’s growth to as low as 3.3% in 2020 due to increase […]
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Thailand
