Online food delivery platforms are seeing a boom in orders as customers stay home to avoid contact with the deadly coronavirus, with GrabFood enjoying a 200% increase in deliveries compared with a normal period. Tarin Thaniyavarn, country head of Grab Thailand, said the number of rides from Grab’s transport services (GrabBike and GrabTaxi) has remained […]
Read MoreMANILA, Philippines — The ASEAN manufacturing sector has so far survived the disruption caused by the spread of the coronavirus disease 2019 (COVID-19), returning to expansionary territory in February after eight months of deterioration, according to the new IHS Markit ASEAN Purchasing Managers’ Index (PMI). The headline PMI for ASEAN manufacturing rose to 50.2 in […]
Read MoreJAKARTA: Indonesia is working on a second stimulus package to shore up South-East Asia’s biggest economy, adding to the central bank’s aggressive moves to counter the impact of the coronavirus on financial markets. A new tranche of fiscal measures would be “sizeable” and “bigger” than the first one of 10.3 trillion rupiah (US$725mil) announced last […]
Read MoreThe Hanoitimes – Fitch Rating keeps the positive rating outlook for Vietnamese banks. The Covid-19 outbreak will hit Southeast Asian banking sectors through weaker economic growth, slower credit growth and dampened profitability, and Vietnam’s banking industry will also take a hit, Fitch Ratings has said in a note. In Vietnam, reduced tourism, disrupted manufacturing supply chains […]
Read MoreHotels are bracing to lose another major source of revenue as companies opt to make announcements online or through video conferencing to avoid contact with the coronavirus, rather than the typical method of pricey hotel press conferences. Major companies like Advanced Info Service (AIS), Lazada, Allianz Ayudhya Assurance and Kasikornbank are opting for teleconference calls […]
Read MoreProperty and land prices are set to rise in Lvea Aem district’s Kandal province following the government’s announcement of their future plan to partially integrate the area into a new district within Phnom Penh. Prime Minister Hun Sen said that the upgrading of Lvea Aeam is due to the fast development and urbanisation of Phnom […]
Read More
Thailand
