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Vietnam: Businesses urged to adapt in digital economy

The Hanoitimes – Domestic enterprises must adapt new business models in the digital economy to ensure they can compete against foreign rivals, even on their home market. In a digital economy, technology will help add more value to products, cut production costs, and reduce the number of required workers. As such, Vietnamese enterprises which could tap […]

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Philippines: Consumer companies may raise prices

Due To Weak Peso, High Oil Prices MANILA, Philippines — Listed consumer companies hinted of more price hikes for their food and beverage products as they are getting increasingly worried over rising inflation, high oil prices and the weakening of the peso against the dollar. Some of the listed consumer firms have already reported lower-than-expected […]

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Indonesia’s largest bank eyes Philippines branch

MANILA, Philippines — Jakarta-based Bank Mandiri has expressed interest to put up a branch in the Philippines four years after the country’s banking industry was fully opened up to foreign banks almost four years ago. Representatives of the largest state-owned Indonesian bank recently met with Finance Secretary, and Monetary Board member, Carlos Dominguez III as […]

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Thailand – NESDB: Room for growth for social enterprises

THAILAND’S social enterprises have been facing issues of sustainability and limited ability to have a positive social impact, but they have plenty of room to grow, the National Economic and Social Development Board said. To promote social enterprise is part of the government’s 20-year national strategy, aiming to narrow the income gap between the rich […]

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Stable outlook for Singapore banks

Moody’s Investors Service says that the outlook for the banking system in Singapore (Aaa stable) is stable over the next 12-18 months. “Healthy economic growth will support the banks’ assets quality, while higher interest rates and a decrease in impairment allowances will also lift profitability,” says Eugene Tarzimanov, a Moody’s Vice President and Senior Credit […]

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