KUALA LUMPUR: Mr DIY Group is reviving its initial public offering (IPO) plan after postponing it in March when the Covid-19 pandemic worsened, according to people with knowledge of the matter. The country’s biggest home improvement retailer aimed to restart marketing to gauge investors’ interest next month, the people said. The company aimed to raise […]
Read MoreMANILA, Philippines — The non-performing loan (NPL) ratio of banks rose for the sixth straight month to hit its highest level in almost six years at 2.53 percent in June from 2.43 percent in May, as past due and restructured loans continued to rise due to the impact of the coronavirus disease 2019 or COVID-19 […]
Read MoreThe European Union will continue its enhanced engagement with Cambodia on the necessary reforms to restore its Everything but Arms (EBA) preferential access to the EU market, according to a statement. On Wednesday the EU announced its official decision to partially withdraw Cambodia’s duty-free quota-free access to the 27-nation bloc. However, the commission together with […]
Read MoreAfter years of regulations confining gold trade in Thailand to the baht, the US dollar will now be used. Two weeks ago the Bank of Thailand announced a policy to allow trading gold products in US dollars. Market participants say the central bank will consider dollar-denominated trade for foreign-related capital market products in the near […]
Read MoreSINGAPORE, Aug 13 — A ban on plastic bags is not a move that the government will make “in a hurry,” given that Singapore already incinerates its plastic waste and harvests energy from that process, said Minister for Sustainability and the Environment Grace Fu. Therefore, unlike other countries that have banned plastic bags, the value […]
Read MoreVietnam’s e-commerce saw a 30 percent growth rate from 2016 to 2020, according to the Ministry of Investment and Planning. The country aims to have 55 percent of population shopping online by 2025. Vo Thi Thu, 71, in Long Bien district, Hanoi, recently experienced shopping online. With the assistance of her daughter, she ordered a […]
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