KUALA LUMPUR: Malaysia’s consumer price index fell 1.4% in September to 120.1 versus 121.8 in the same month of the preceding year due mainly to the downward pressure on fuel prices. Chief statistician Datuk Sri Mohd Uzir Mahdin said in a statement issued today that the segments contributing to the decrease were transport, housing, water, […]
Read MoreMANILA, Philippines — The government now expects a deeper economic contraction this year following the reimposition of strict lockdowns in Metro Manila and nearby provinces in August, the Department of Finance (DOF) said yesterday. In an online business forum, Finance Secretary Carlos Dominguez said the country’s gross domestic product (GDP) is projected to shrink by […]
Read MoreDBS has launched a solution for corporate clients in Singapore and Hong Kong to track cross-border collections in real time, providing them with greater digital convenience. More than 240,000 DBS corporate and small and medium-sized enterprises will be the first to utilise the solution, which is powered by Swift Global Payments Innovation (gpi), the bank […]
Read MoreVietnam will continue to cooperate proactively and responsibly with the UN and countries to promote the rule of law at both national and international levels, Ambassador Dang Dinh Quy, head of the Vietnam mission to the UN affirmed. Addressing a meeting of the Legal Committee (Sixth Committee) of the UN General Assembly’s 75th session on […]
Read MoreThe Thai Hotels Association (THA) is introducing a stimulus campaign targeting expatriates by offering a 1,000-baht discount on 5,000 room nights and urging the government to move an existing domestic campaign onto e-commerce platforms. Marisa Sukosol Nunbhakdi, THA president, said the campaign is a bid to support the hotel industry during the tough economic situation, […]
Read MoreLandlords are turning to innovative means to stay relevant, as Covid-19 has accelerated trends in consumer behaviour, forcing landlords and retailers to rethink their business operations and strategies, said CBRE Research in its latest paper. In fact, when countrywide lockdowns and home quarantines were first implemented, retail sales in Southeast Asia suffered double digit declines. […]
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