Vietnamese have turned the tables to become dominant in the retail market, while many foreign giants have had to leave. Lotte decided to shut down Lotte Mart Dong Da on July 1 in a move which is part of an adjusted development strategy on expanding its network nationwide. Inaugurated in March 2014, Lotte Mart Dong […]
Read MoreConsumer and business sentiment fell to record lows in June as sectors fret about rising Covid-19 infections and fatalities. The University of the Thai Chamber of Commerce (UTCC) reported on Thursday the consumer confidence index fell to 43.1 in June from 44.7 in May, 46 in April, 48.5 in March, 49.4 in February and 47.8 in […]
Read MoreSingapore and Hong Kong are still trying to revive an agreement to allow quarantine-free travel between the two Asian financial hubs, which could be used as a model to open to more parts of the world, Singapore Health Minister Ong Ye Kung said on Friday. With very low Covid-19 case counts, or none at all […]
Read MoreMANILA, Philippines — Banks’ bad loans climbed for the fifth straight month in May to hit the highest level in almost 13 years as the country continues to struggle amid the resurgence of COVID-19 cases. Preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed the gross non-performing loan (NPL) ratio of banks rose further […]
Read MorePETALING JAYA: In line with market predictions, Bank Negara left the overnight policy rate (OPR) unchanged at 1.75%, following the Monetary Policy Committee (MPC) meeting. This is the sixth consecutive MPC meeting in which the OPR has been retained at the record-low level. The last time the benchmark rate was revised was in July 2020, […]
Read MoreVietnam’s merchandise trade balance in the first half of the year resulted in a trade deficit. Last year, it had a trade surplus for the same period. The Ministry of Investment and Trade (MOIT) report on the industry and trade development showed an estimated excess of imports over exports of $1 billion in June. As […]
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Thailand
