MANILA, Philippines — Consumer and business sentiments slumped to their lowest levels in the third quarter as the country slipped into recession due to the COVID-19 pandemic, the Bangko Sentral ng Pilipinas (BSP) said yesterday. In a virtual press conference, BSP Governor Benjamin Diokno said the results of the Consumer Expectations Survey (CES) and Business […]
Read MoreThailand’s digital industry value is expected to climb 1.2% to 655.6 billion baht this year and surge 12.9% in 2021, driven by digital transformation, 5G tech and the adoption of artificial intelligence and the Internet of Things (IoT), says the Digital Economy Promotion Agency (Depa). Depa, in partnership with the IMC Institute, conducted a 2017-19 […]
Read MoreThe Asian Development Bank (ADB) has revised its 2020 growth forecast, predicting Cambodia’s economy will contract 4 percent, from its previous prediction of a 5.4 percent contraction in June, because of improved agricultural performance and increased volume of non-garment manufacturing. It added that it expects the local economy to rebound to grow 5.9 percent in […]
Read MoreIndonesian peer-to-peer (P2P) fintech firms have reported an increase in bad loans to 7.99 percent in July as many borrowers have lost their sources of income due to the COVID-19 crisis, the Indonesian Fintech Lenders Association (AFPI) has stated. The proportion of defaulted loan after 90 days has continuously worsened since March, when it stood […]
Read MoreThe Ministry of Planning and Finance issued an order on September 22 extending the deadline for tax payment on the unassessed income for the 2019-2020 fiscal year until December 30. The previous deadline was September 30, which is the end of the 2019-2020 fiscal year. However, the Myanmar Economic Bank, which receives tax payment, was […]
Read MoreKUALA LUMPUR, Sept 24 — A new multinational study has revealed that Malaysians are on the whole reasonably satisfied with their e-commerce platforms and providers, but feel more can be done to improve their service. Singapore-based social research agency Blackbox Research and consumer intelligence platform Toluna said the Covid-19 pandemic has led to a spike […]
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Thailand
