Cambodian imports from Malaysia fell in 2020 to their lowest figure since 2016, according to a news release issued by Malaysia’s Ministry of International Trade and Industry (MITI). Malaysia’s 2020 exports to Cambodia dropped 42 percent year-on-year to $368.5 million, said Mohamed Azmin, the MITI’s senior minister. The pandemic had “directly caused major disruptions to […]
Read MoreThailand retains the pole position in the world for internet users engaging in mobile banking and financial services apps while becoming one of the top five for e-commerce adoption, mobile payment, mobile commerce and QR code usage, according to the Digital 2021 report. The annual report was published by We Are Social, a global digital […]
Read MoreMANILA, Philippines — Loans disbursed by big banks contracted in December last year, ending more than a decade of credit growth in the country due to uncertainties brought about by the COVID-19 pandemic, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. BSP Governor Benjamin Diokno said preliminary data showed loans extended by universal and commercial […]
Read MoreThe real estate inventories of listed companies increased significantly in the fourth quarter of 2020 over a year ago because many projects were stagnant due to the impact of the COVID-19 pandemic, legal bottlenecks and limited financial capacity of the developers. The financial report of Dat Xanh Group (DXG) showed that the company earned revenue […]
Read MoreA total of 719 industrial factories went out of business last year, citing the economic impacts of the Covid-19 outbreak and causing 30,000 workers to lose their jobs, says the Department of Industrial Works. On the flipside, as many as 3,324 factories were either created or expanded last year, which created as many as 187,088 […]
Read MoreThe Bank of Thailand is poised to lower its 3.2% growth forecast for Thailand this year against the backdrop of increasing downside risks stemming from the persistent Covid-19 outbreak. Although the central bank’s Monetary Policy Committee (MPC) assesses that the impact of the recent outbreak on Thailand’s economy would be less severe than last year […]
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