Myanmar’s banking system has nearly collapsed following the Feb. 1 military coup, with the country’s Central Bank and private banks seeing fewer deposits made and more money being taken out in withdrawals, RFA reported. The Central Bank has also had trouble disbursing enough funds to private banks to cover amounts being withdrawn for account-holders’ daily […]
Read MoreWith up to 20 percent of all Cambodian loans having been restructured in the wake of the pandemic, insiders emphasise that the fallout from leaving them untouched would have been substantially worse. The Credit Bureau of Cambodia (CBC) this week announced that debt past its due date by more than 30 days (DPD+30) had grown […]
Read MoreIndonesia’s economic growth is already on the right track and is headed towards positive growth, according to Deputy Chairman of the Indonesian Chamber of Commerce and Industry (Kadin) for National Entrepreneur Development Arsjad Rasjid. Hanoi (VNA) – Indonesia’s economic growth is already on the right track and is headed towards positive growth, according to Deputy Chairman of […]
Read MoreMANILA, Philippines — Fitch Solutions Country Risk & Industry Research expects a slower economic recovery for the Philippines in the next two years as the country continues to struggle to control the resurgence of COVID-19 infections. In its latest commentary titled “Philippines’ 2021 recovery hampered by the pandemic,” Fitch Solutions said it has slashed the […]
Read MoreE-wallets in Vietnam have strongly benefited from the change in payment habits during the Covid-19 pandemic. Vietnam’s mobile e-commerce is rapidly growing with an estimated value of US$10.2 billion by 2023, according to 2021 Vietnam Mobile Application Report, conducted by the market research company Appota. The report revealed that mobile e-commerce is showing dramatic growth as […]
Read MoreA duty-free store operated by China Duty Free Group (CDFG) will become the first outlet at Phnom Penh integrated resort NagaWorld to reopen as Cambodia’s capital city starts easing some COVID-19 restrictions. NagaWorld operator NagaCorp announced it had been informed by CDFG of its intention to reopen the store, located at NagaCity Walk, under the […]
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Thailand
