MANILA, Philippines — The Philippines continues to fail in producing enough food for the growing population as the country’s rice self-sufficiency has declined to 79.8 percent in 2019, resulting in higher import dependency for Filipinos’ main staple. Based on a report from the Philippine Statistics Authority (PSA), the country’s self-sufficiency ratio (SSR) of rice settled […]
Read MoreThe Hanoitimes – Anecdotal evidence suggested that success in bringing the Covid-19 outbreak under control in Vietnam had helped lead to a recovery in customer demand. The Vietnam Manufacturing Purchasing Managers’ Index (PMI) posted 51.8 in October, down marginally from 52.2 in September, but still signaling an improvement in the health of the sector as business […]
Read MoreSINGAPORE (BLOOMBERG) – Singapore stocks took a beating this week amid the twin uncertainties of the US election and the worsening pandemic in the West, almost replacing Thailand as Asia’s worst equity market this year. The Straits Times Index (STI) fell 1.1 per cent on Friday (Oct 30), taking the 2020 decline so far this year to […]
Read MoreLocal commercial banks are concentrating on debt restructuring and asset quality rather than business growth amid fragile economic conditions that could linger into next year. Pipatpong Poshyanonda, co-president of Kasikornbank (KBank), said the bank will continue paying attention to helping customers with debt restructuring for next year, together with seeking new business opportunities. Despite participating […]
Read MoreSINGAPORE – Singapore’s labour market showed signs of improvement in the third quarter, but the overall job market picture remains gloomy ahead. While there was some bounce-back in local employment numbers, it is a faint silver lining amid the backdrop of rising retrenchments and declining overall employment, economists said. The total unemployment rate came in at 3.6 […]
Read MoreBank Negara Indonesia’s (BNI) net profit fell sharply in the first nine months of the year due to higher provisioning following a steep increase in risky loans. The publicly listed bank’s profit was down almost 64 percent at Rp 4.32 trillion (US$294.5 million) as of the end of the third quarter from Rp 11.94 trillion […]
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