The continuing Covid-19 pandemic has deepened the economic fallout in Laos over the second quarter of this year as employment fell off sharply and households and businesses suffered declining income and revenue, according to a World Bank survey. The latest round of the World Bank’s Rapid Monitoring Phone Survey, conducted in April-May this year among […]
Read MoreBorneo Bulletin – Brunei Darussalam Central Bank (BDCB)yesterday published its bi-annual policy statement. In its policy statement, BDCB noted that the global economy is expected to grow six per cent in 2021. Meanwhile, the domestic economy contracted by 1.4 per cent year-on-year (y-o-y) in first quarter (Q1) 2021. BDCB’s inflation forecast for 2021 has been […]
Read MoreKUALA LUMPUR, Sept 6 — Malaysia’s residential property transactions dropped 44.7 per cent year-on-year (y-o-y) in the first quarter (Q1) of this year, according to a PropertyGuru DataSense report. The decline was due mainly to increased worries among property buyers over Covid-19 cases as well as softer-than-expected Gross Domestic Product (GDP) performance, said the report released by PropertyGuru’s data analytics […]
Read MoreThe Thai grocery and general merchandising retailer “Big C”, has opened its first store in Phnom Penh. The official opening of the Mini Big C Depo Branch was held yesterday with top government officials and business leaders in attendance. Company officials were joined by the Thai Ambassador to Cambodia Panyarak Poolthup, WorldBridge International Group Chairman […]
Read MoreHONG KONG: Embattled Binance, one of the world’s largest cryptocurrency exchanges, said it will restrict its services in Singapore days after the city state’s central bank said it should stop offering payment services. The Monetary Authority of Singapore became the latest regulator to take aim at Binance, warning last week that its global platform, Binance.com, […]
Read MoreMyanmar businesses and consumers have been facing serious problems obtaining cash in the wake of the 1 February coup. Since the military takeover, the country has been crippled by a cash shortage with banks placing limits on ATM cash withdrawals and introducing token systems to restrict the number of customers making counter transactions. People queuing […]
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