Foodpanda is pivoting to quick delivery e-commerce with its rollout of Pandamart, a service offering essential goods from “cloud stores” as a new vertical to gain an edge in the cut-throat delivery market. The company announced the launch of 150 Pandamarts in Asia, boasting 25-minute delivery times for thousands of items, including fresh groceries and […]
Read MoreThe non-performing loans (NPLs) of 20 local banks at the end of 2020 rose by 4.5 per cent year-on-year to VND83.4 trillion (US$3.58 billion), according to the banks’ latest financial statements. Fifteen of the banks reported a decrease in bad debt ratio last year, with some successfully controlling the ratio at below 1 per cent. […]
Read MoreRents for serviced apartments in Phnom Penh had tumbled nearly 20 per cent year-on-year by the end of last year as the number of foreigners working and investing in the Kingdom dwindles amid Covid-19 concerns, a new real estate study found. CBRE Cambodia, the local affiliate of US commercial real estate services and investment firm […]
Read MoreMANILA, Philippines — Sta. Lucia Land Inc. (SLI), a publicly-listed subdivision developer, expects the residential sector to continue growing despite the pandemic. David dela Cruz, EVP and CFO of SLI, said the company remained resilient despite the challenging business environment. “Even with the decline in real GDP along with the contraction of overall activity, SLI […]
Read MoreThe Bank of Thailand (BoT) has added consumer loan solutions to cover debtors involved with the legal system through an online debt mediation scheme. The new debt aid scheme is designed for credit card and personal loan products, covering all different statuses of repayment including performing loans and non-performing loans (NPLs). The scheme aims to […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has extended anew the zero spread on its peso rediscount loans by another three months to allow banks to tap the facility to meet their temporary liquidity needs amid the pandemic. BSP Governor Benjamin Diokno said the Monetary Board approved the extension of the temporary measures […]
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