The Hanoitimes – Goldman Sachs expected exports to be Vietnam’s major driving force for economic recovery. In 2020, Vietnam’s GDP growth is set to slow to 2.7% and rebound to 8.1% next year, according to the US-based investment bank Goldman Sachs. Goldman Sachs’ 2.7%-GDP growth forecast for Vietnam in its first ever macro-economic report on the […]
Read MoreThe Bank of Thailand has issued digital personal loan regulations, paving a path for consumers with no financial statements to better access financial services. The central bank issued a circular to business operators that want to apply for digital loan business licences to incorporate alternative data for digital personal loan analysis apart from the existing […]
Read MoreKUALA LUMPUR: Bank of Japan, acting as agent of the Minister of Finance of Japan, and Bank Negara Malaysia had on Friday signed the second bilateral swap arrangement (BSA). In a statement, Bank Negara said this BSA enables both authorities to swap their local currencies (that is yen and ringgit, respectively) for US dollar. The […]
Read MoreMANILA, Philippines — Sales of imported vehicles slid 49 percent in the eight months to August this year as demand remained weak amid the mobility restraints due to lockdowns implemented to address the coronavirus pandemic. In a statement yesterday, the Association of Vehicle Importers and Distributors Inc. (AVID) said it sold 29,360 units from January […]
Read MoreThe Hanoitimes – The Vietnamese government would still prioritize mobilizing ODA funds and preferential loans for major projects that support Vietnam’s sustainable development. Prime Minister Nguyen Xuan Phuc has requested ADB’s support in accelerating the disbursement progress of projects financed by the bank during the 2020 – 2021 period to boost economic growth. In the first […]
Read MoreCompetition in the online grocery delivery market is expected to escalate as Germany-based food delivery app Foodpanda becomes the latest player to step into the segment under Pandamart. The move highlights the industry players’ focus to capitalise on the “quick commerce” trend, where items are delivered rapidly, rivalling traditional convenience stores and supermarkets. Pandamart faces […]
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