GrabFood will deploy its biggest-ever marketing budget this year to retain its customer base, boost food orders and draw new users as key rivals receive strong financial support and realign their business strategies. The marketing splurge reflects intensifying competition in the third quarter. “Grab sees the potential of the food ordering business in Thailand, which […]
Read MoreKUALA LUMPUR: Malaysian corporations are in good stead to ride out the recession due to their sound balance sheet, cash reserves and their ability to cut operating expenses to conserve cash, says RAM Rating Services Bhd. In its corporate default and rating transition study issued yesterday, the rating agency said corporate firms started the lockdown, […]
Read MoreAsian and European markets mostly rose on Tuesday with investors taking reassurance from news that China and the US had agreed to press on with their trade pact, while hopes for a virus treatment provided extra support. The gains followed yet another record day on Wall Street as coronavirus cases appear to be slowing in […]
Read MoreIndonesia’s economic recovery is “fragile” as state revenue weakened in July after an improvement recorded in the previous month, Finance Minister Sri Mulyani Indrawati said on Tuesday, warning that the country may enter recession in the third quarter. State revenue collection improved in June compared with May following the government’s decision to ease large scale […]
Read MoreMANILA, Philippines — Banks are seen weather the coronavirus pandemic with capital buffers nearly holding steady against a projected rise in bad loans, a scenario doubted by senators hearing a rescue bill meant to keep lenders afloat during the health crisis. Local lenders would likely end the year with capital adequacy ratio of 14.8% on a consolidated […]
Read MoreThe State Railway of Thailand (SRT) hopes to submit plans by next year for the second phase of the high-speed train route in the Eastern Economic Corridor (EEC) that would see it extended to Trat province. Kanit Sangsubhan, secretary-general of the (EEC) Office, on Tuesday gave an update on plans for the second phase of […]
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Thailand
