Indonesia’s banking industry is expected to see a drop in loan growth to around 4 percent this year as the COVID-19 pandemic batters the economy, an economist has said. Senior economist at the Institute for Development of Economics and Finance (INDEF), Aviliani, said Indonesian banks had become hesitant to provide loans to new debtors, as […]
Read MoreThe Cambodian government is optimistic that the nation’s economy will see V-shaped growth in the wake of the Coronavirus pandemic, in direct contrast to the U-shaped recovery economic experts are predicting. Phay Siphan, the government’s chief spokesman, made the statement at a news conference held last week addressing the state of the country’s aviation industry. […]
Read MoreAs with the past trading weeks, the local bourse will maintain its volatility and will still heavily be influenced by the coronavirus disease 2019 (Covid-19) pandemic. “[Friday]’s trading has given us a glimmer of hope. But whether this will be sustained next week depends on the further developments of the Covid-19 narrative,” Philstocks research associate […]
Read More[JAKARTA] Indonesia’s incoming foreign direct investment (FDI) in the first quarter shrank 9.2 per cent from a year earlier in rupiah terms, as investors delayed business decisions due to the coronavirus pandemic, data from the country’s investment board showed. The board’s FDI data, which exclude investment in banking and oil and gas sectors, showed a […]
Read MoreBeset by high commission fees imposed by foreign food delivery apps, many local restaurants dealing with the pandemic have adjusted their menus for online orders, sought customers via social media and looked to local delivery apps. A local web-based platform that signs up restaurants and provides delivery service, developed by new startup ShaRe, has recently […]
Read MoreMicrofinance institutions (MFIs) have taken some actions to restructure their loans for affected customers because of the COVID-19 pandemic, according to the Cambodia Microfinance Association (CMA). The CMA said that the association, including its members, are dealing compassionately with affected customers. They added that all members are maintaining ethical practices and helping all the Cambodian […]
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Thailand
