KUALA LUMPUR (Bernama): Beware! If you are going out to shop for daily necessities today (June 1), make sure that your destination is not more than 10km from your house or else, you will be directed to turn back. This is one of the rulings imposed during the first phase of the 14-day total lockdown […]
Read MoreBusiness sentiment eased to a three-month low on worries about the Covid-19 outbreak, but firms remained optimistic overall that output will increase over the coming year. The Vietnam Manufacturing Purchasing Managers’ Index (PMI) posted 53.1 in May, down from 54.7 in April. The latest reading, however, signaled a sixth successive improvement in business conditions, and […]
Read MoreSingaporean food delivery giant Foodpanda has announced its expansion into Kampong Speu province. This marks the 11th Cambodian province in which the company has a presence. Food delivery apps have seen a boom in sales since the Feb 20 community outbreak of Covid-19 and the ensuing lockdown that followed, with major delivery companies stating that […]
Read MoreThailand saw its manufacturing production index (MPI) increase in April by 18.46% year-on-year to 91.88 points, however, capacity utilisation decreased due in part to the impact of the third wave of Covid-19. The rise of MPI was partly attributed to increased exports in April as well as global economic recovery due to Covid-19 vaccine rollout […]
Read MoreThe third wave of Covid-19 brought the number of daily infections and deaths to a record high, and threatens to do the same for unemployment figures. The National Economic and Social Development Council (NESDC) sounded the alarm last Tuesday on soaring unemployment rates in 2021. One sign is a 9.1% contraction of GDP for micro […]
Read MoreSINGAPORE (THE BUSINESS TIMES) – Bank lending inched up 0.1 per cent in April on higher consumer loans, data from the Monetary Authority of Singapore (MAS) showed on Monday (May 31). Loans through the domestic banking unit – which captures lending in all currencies but reflects mainly Singapore-dollar lending – came in at $692.17 billion […]
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