KUALA LUMPUR (BLOOMBERG) – As banks elsewhere scrap or defer dividend payments, investors in Malaysian lenders can still expect their usual cash rewards. Malayan Banking, the biggest lender by market value, plans to keep its payout ratio of as much as 60 per cent its profit after tax and minority interests, on top of paying […]
Read MoreVietnam Airlines, the 49 percent shareholder of the Cambodian national airline, Cambodia Angkor Air, has said that it is looking to divest its shares in the airline. Cambodia Angkor Air currently has five A321 aircraft and is said to be currently in an advanced stage of negotiations to sell the aircraft and the stake to […]
Read MoreAS THE novel coronavirus pandemic continues to unfold, the construction industry is expected to be hammered, with economists looking at further double-digit contraction. “Unfortunately, the construction sector will take a big hit in Q2 2020 from the Covid-19 pandemic – first from the one-month circuit breaker and the rising infections/quarantines at foreign workers dormitories, as […]
Read MoreThe Hanoitimes – Fifty local garment firms can produce 200 million per month. The figure would be higher if the production capacity nationwide is taken into account. Vietnam is capable of becoming a major exporter of cloth face masks in the world, the governmental portal reported, citing the Ministry of Industry and Trade (MoIT). According to […]
Read MoreThe government expects domestic coal consumption to fall as much as 5 percent this year due to lower coal-fired power plant activity in the virus-ridden economy. The Energy and Mineral Resources Ministry said on Thursday that consumption was projected to reach around 147.25 million tons this year “if the COVID-19 pandemic continues,” down from an initial Domestic Market […]
Read MoreSINGAPORE – Property investment sales in Singapore fell 37 per cent to $3.02 billion in the first quarter of this year from the previous three months as the coronavirus outbreak took its toll on investor sentiment, a report from Cushman & Wakefield on Monday (April 13) showed. Said Ms Christine Li, its head of research for Singapore […]
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Thailand
