SINGAPORE factory output fell again in July, with a worse-than-expected performance dragged down in part by the return of electronics production to negative territory. Industrial production lost 8.4 per cent compared with the same period the year before, with the pace of decline increasing from the 6.5 per cent fall in June. The latest drop […]
Read MoreBank officers’ incomes, which include a monthly salary and bonus, have decreased significantly amid the Covid-19 crisis. The Q2 finance reports of top-tier banks showed that workers at VP Bank and TPBank saw the sharpest decreases compared to Q1. VPBank workers’ average monthly income fell by VND10.59 million, while the income of VP Bank’s officers […]
Read MoreGrabFood 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 […]
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Thailand
