The economic focus is on Japan and South Korea this week, with data likely to show the Korean economy inched up in the April-June quarter. Gross Domestic Product (GDP) figures are out today and Moody’s Analytics forecasts 0.8 percent growth, compared with the first quarter of 2021. GDP grew at a quarterly 1.7 percent pace […]
Read MoreThe loan restructures for Covid-19 pandemic-stricken customers were valued at $5.5 billion in the first semester of 2021. The scheme has been extended to the end of this year. The National Bank of Cambodia (NBC) said the ratio of non-performing loans was 2.8 percent for banks and 2 percent for microfinance institutions (MFIs). Banks and […]
Read MoreMyanmar’s economy is expected to shrink by 18% in 2021, the World Bank said on Monday, as a result of massive unrest following a military coup and a resurgent coronavirus outbreak. The country has been in turmoil since the military took power in February and launched a bloody crackdown on dissent that has killed more […]
Read MoreThailand is at risk of being fined by the organiser of the World Expo if it fails to pay an additional expense of 12.4 million baht incurred from a one-year delay of the world’s biggest international exhibition by the deadline at the end of this month, says the Digital Economy Promotion Agency (Depa). World Expo […]
Read MoreTimes are tough for Asian airlines, so tough that one has taken to social media to try to offload unwanted aircraft. Malaysia Airlines (MAS) has posted the planes on its LinkedIn site in the hope of attracting bidders. The open tender is being conducted by an aircraft leasing unit run by its parent company Malaysia […]
Read MoreSiem Reap may not have the crowds that it used to but it still attracts visitors, albeit of a very different kind. Daka Kun Realty often sees them entering their office in Taphul village and announcing exactly what it is they are looking for: low-cost property. The news of the temple town’s hard times have […]
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