State-owned Bank Negara Indonesia (BNI) booked a profit decline of more than 40 percent during the first half of this year as the COVID-19 pandemic caused its asset quality to deteriorate. The publicly listed bank booked Rp 4.46 trillion (US$301.34 million) in net profit in the first half of this year, down 41.6 percent compared […]
Read MoreThe Hanoitimes – An increasing influx of foreign capital shifting to Vietnam prompts higher demand for industrial estate. Vietnam’s industrial real estate has the potential to be a destination for multinational companies that are increasingly pursue the “China Plus One” strategy to diversify their operations as the global health crisis causes disruptions in supply chains. As […]
Read MoreThailand ranks 63rd out of 85 countries in the digital quality of life (DQL) index based on research by privacy protection company Surfshark, trailing Singapore, Malaysia and Vietnam in Asean. The research assesses internet quality, affordability, e-security, online government services and e-infrastructure as key elements. Singapore, Malaysia and Vietnam rank 12th, 41st and 54th, respectively. […]
Read MoreIndonesia’s current account deficit (CAD) narrowed in the second quarter of the year as import demand fell and foreign ownership of government bonds declined, Bank Indonesia (BI) announced on Tuesday. The CAD narrowed in the second quarter to US$2.9 billion, down from 1.4 percent of gross domestic product (GDP) in the first quarter to 1.2 percent of GDP in quarter two. Southeast […]
Read MoreSINGAPORE – The Singapore Chinese Chamber of Commerce and Industry (SCCCI) helped more than 680 firms venture into China in the first half of this year, an indication of the role trade associations and chambers play in growing companies here. As an important bridge between the Government and firms, these organisations also help companies overcome […]
Read MoreThe Hanoitimes – Vietnam trading activities would benefit from a stable exchange market, which is the central bank’s target to buy in foreign currency, said banking expert Nguyen Tri Hieu. At a time when there is low demand for foreign currency, the State Bank of Vietnam (SBV) made a right move in buying in hard currency […]
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