From January to November 2020 MANILA, Philippines — The gross non-performing loan (NPL) ratio of Philippine banks accelerated for the 11th straight month to hit the highest level in more than seven years as the industry’s bad debts surged by 74 percent due to the impact of the pandemic, according to the Bangko Sentral ng Pilipinas […]
Read MoreAs Cambodians increasingly embrace the digital age, homegrown developers are creating Khmer recipe apps to share the nation’s traditional dishes. No longer solely reliant on word of mouth, Cambodian food is now reaching the masses through this new digital outlet. The hundreds of thousands of downloads from Google Play and the Apple App Store have […]
Read MoreBANGKOK (The Nation/ANN): The Thai currency is likely to move between 30 and 30.20 on Monday (Jan 11) and 29.90 and 30.30 this week, said Jitipol Puksamatanan, the head of the “Easy Invest” team at SCB Securities. He explained that the baht last week had been weaker than other Asian currencies, due to investors’ concerns […]
Read MoreVolatility and malleability are key themes for this year’s foreign exchange outlook, with the baht projected to appreciate further, fuelled by Thailand’s surpluses in trade and current accounts, say economists. The baht breached 30 per US dollar near the end of 2020 and hovered around 29.9 against the greenback early this month, before retreating to […]
Read MoreSINGAPORE’S unemployment rates eased in November for the first time since the Covid-19 pandemic hit. The overall unemployment rate fell to 3.3 per cent, down from the 3.6 per cent high of the preceding two months and the lowest rate since July, according to Manpower Ministry figures on Friday. The resident unemployment rate was 4.6 […]
Read MoreWith the exponential growth in online grocery delivery propelled even further by the pandemic, sector heavyweights are battling to become the dominant platform of choice for people. Currently, Alibaba-owned Lazada leads that fight in Southeast Asia, with more than 140 million downloads in the region. However, that platform is facing increasing competition from other apps, […]
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