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Thailand: Rapid shopping via Pandamarts

Foodpanda 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 […]

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Vietnam: Bad debts of 20 banks up 4.5% in 2020

The 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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Cambodia: Rents in Phnom Penh plunge 20%

Rents for serviced apartments in Phnom Penh had tumbled nearly 20 per cent year-on-year by the end of last year as the number of foreigners working and investing in the Kingdom dwindles amid Covid-19 concerns, a new real estate study found. CBRE Cambodia, the local affiliate of US commercial real estate services and investment firm […]

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Philippines: Residential sector to grow despite pandemic

MANILA, Philippines — Sta. Lucia Land Inc. (SLI), a publicly-listed subdivision developer, expects  the residential sector to continue growing despite the pandemic. David dela Cruz, EVP and CFO of SLI, said the company remained resilient despite the challenging business environment. “Even with the decline in real GDP along with the contraction of overall activity, SLI […]

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