The urgent need to enhance competitiveness in global value chains means minimising reliance on imports, according to industry insiders. Viet Nam’s supporting industries remain dependent on imported part supplies, which was evident when the COVID-19 pandemic caused disruptions to local production due to a shortage of imported raw materials. Truong Thi Chi Binh, vice president […]
Read MoreMANILA, Philippines — Issuers are expecting new credit card acquisitions starting the second half as the country gradually recovers from the impact of the pandemic. Alex Ilagan, executive director at the Credit Card Association of the Philippines (CCAP), told The STAR the total number of credit cards in force is still lower in the second […]
Read More7-Eleven has delayed opening its first convenience store in Cambodia until the end of this year from a previously reported target in June. Kriengchai Boonpoapichart, chief financial officer at CP All Public Co Ltd, which asssigned the master franchise for the Kingdom to CP ALL (Cambodia) last year, said that opening in Phnom Penh is […]
Read MoreJAKARTA : Indonesia’s central bank will purchase government bonds worth up to 439 trillion rupiah (US$30.46 billion) in 2021 and 2022 to provide cheaper financing for the government’s COVID-19 relief measures, senior officials said. The fiscal deficit financing scheme is similar to an agreement Bank Indonesia (BI) had with the finance ministry last year to […]
Read MoreBusiness associations and industries have repeatedly asked commercial banks to ease lending interest rates to share difficulties with them in the Covid-19 pandemic. The Vietnam Plastics Association (VPA), for example, has sent a document to Prime Minister asking for urgent help. There are nearly 3,000 enterprises operating in the plastics industry employing 300,000 workers. Seventy […]
Read MoreThai exports are maintaining their growth momentum, surging by 20.2% year-on-year in July despite ongoing Covid-19 outbreaks. The increase was boosted by the robust global economic recovery, depreciation of the Thai baht, rising oil prices, and export promotions by the Commerce Ministry and the private sector. The Commerce Ministry yesterday reported customs-cleared exports hit a […]
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