Covid-19 has dealt a blow to the US$500-billion cosmetics industry as fewer people feel the need to dress up while stuck at home. Men’s cosmetics, however, is an outlier with sales surging since the pandemic began — in part due to men wanting to look presentable for the now-ubiquitous Zoom calls. As life begins to […]
Read MoreMANILA, Philippines — Listed cement manufacturer Eagle Cement Corp. recorded a double-digit earnings growth in the first quarter, as construction activities picked up after pandemic restrictions were eased. What’s new Eagle Cement registered profits of P1.7 billion in the first 3 months of the year, up 44% year-on-year, financial results obtained by Philstar.com showed. It was the company’s […]
Read MoreWhile food delivery companies have cashed in on strictly enforced delivery or takeaway only protocols for restaurants during lockdown, many dining outlets are hanging on by a thread. Last month, Megan Coull, the owner of casual-dining restaurant Penh 278, had no choice but to reduce staff shifts and wages. The restaurant has been slightly buoyed […]
Read MoreThe Bank of Thailand has added measures on retail loan restructuring as part of its third phase of debt relief for individual borrowers, aiming to ease hardships caused by the pandemic. The central bank started implementing new measures for debt relief on Friday, including restructuring consumer loans. The rules allow auto hire-purchase loan and car […]
Read MoreIn a first for Asia, Singapore-based DBS Bank announced it would start allowing its private clients to invest in and trade cryptocurrencies with a trust service backed by the bank. The bank will only allow transactions for a small group of the most popular cryptocurrencies: Bitcoin, Ether, Bitcoin Cash and XRP. Last December, DBS launched […]
Read MoreSINGAPORE – Singapore’s non-oil domestic exports (Nodx) expanded at a slower pace in April, with growth supported by non-electronics such as petrochemicals and specialised machinery. Shipments grew 6 per cent year on year last month, continuing the positive growth trend since December, according to data released by Enterprise Singapore (ESG) on Monday (May 17). But […]
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