MYANMAR’S recent military coup has likely slowed its economic recovery, but the main challenge will be foreign direct investment (FDI), watchers have said. Maybank Kim Eng expects gross domestic product (GDP) to grow by 3 per cent in FY2020/21, against an earlier forecast of 4.5 per cent, while growth in FY2021/22 could come in at […]
Read MoreDigital platforms and other technology-based tools are providing new growth opportunities for businesses of all sizes and across all industries in Asia and the Pacific (including Cambodia) — a trend which could contribute significantly to the region’s sustainable recovery from the coronavirus disease (COVID-19) pandemic, according to a new report by the Asian Development Bank […]
Read MoreSINGAPORE: Singapore restaurant owners face a gloomy Lunar New Year, with Covid-related interruptions signalling that even countries with a good handle on cases will suffer until the pandemic is under control globally. A labour-supply crunch in the food and beverage sector and government restrictions on office-sponsored parties will weigh even more on a sector that’s […]
Read MoreMANILA, Philippines — China is seen to regain its status as the world’s biggest rice importer as the Philippines is expected to see a reduction in rice imports this year due to higher local production. Based on the latest report of the United States Department of Agriculture-Foreign Agricultural Service, the country’s rice imports are projected […]
Read MoreFoodpanda 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. […]
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Thailand
