KUALA LUMPUR: The Statistics Department anticipates a favourable economic performance, based on the positive April leading index (LI), but the strength of the recovery will hinge on the impact and extent of the Covid-19 pandemic. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the LI in April registered double-digit growth of 15.7%, nudging the […]
Read MoreMANILA, Philippines — The Philippines on Friday secured a $400-million (P19.5 billion) loan from the World Bank to fund projects that would strengthen the country’s financial sector in the face of coronavirus fallout. The fresh funding — known as “Philippines First Financial Sector Reform Development Policy Financing” — is the first of two programs of World […]
Read MoreSingapore-based private aviation company Yugo Global Industries Pte Ltd recently released its newest charter routes in Cambodia, Thailand, Malaysia and the Philippines to further cement its regional foothold and capitalise on growing demand for private air travel in Asia. “Leveraging on its network of helicopters and jets, Yugo is the first air mobility platform that […]
Read MoreSoutheast Asia is proving a hotbed for startups as entrepreneurs around the region succeed in raising money for innovative new ventures. Two companies whose apps are a common fixture on Cambodian smartphones are proof of what can be done. Grab’s Gaurav Bubna left the ride-hailing company and raised $10 million to fund NextBillion.ai. Its technology […]
Read MoreAmid a property market slowdown and travel obstacles, developers are adopting digital tools to boost residential sales from local and foreign demand as well as tapping into a new generation of buyers offering sales via cryptocurrency. Kromchet Vipanpong, chief executive of SET-listed developer AssetWise (ASW), said the company joined hands with Thai cryptocurrency firm Bitkub […]
Read MoreThai exports are maintaining healthy growth momentum, recording the fastest expansion in 11 years in May, driven by strong global demand and economic recovery in trading partners as the government continues aggressive promotion. The Commerce Ministry reported on Thursday customs-cleared exports rose for a third month, increasing by 41.6% from May last year to US$23.1 billion […]
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