Deputy Prime Minister Le Minh Khai has asked the Ministry of Industry and Trade to increase the steel production capacity to meet the local demand and stabilize steel prices as they have surged 40%-50% since the end of last year. Hoa Phat Group on May 8 increased its steel prices drastically, with CB240 rolled steel […]
Read MoreTHE annual Great Singapore Sale (GSS) event will take an omnichannel format this year, with e-commerce platform Lazada handling the online aspect of the sales event, the Singapore Retailers Association (SRA) announced on Wednesday. GSS 2021 will take place from June 6 to July 7, bookended by Lazada’s 6.6 and 7.7 sales campaigns. The event […]
Read MoreMALAYSIA’S economic contraction slowed at the beginning of 2021, in between surges of Covid-19 cases and tighter restrictions to contain the disease. Gross domestic product (GDP) shrank 0.5 per cent in the first quarter from a year earlier, Malaysia’s central bank said on Tuesday. Compared to the previous three months, the economy grew 2.7 per […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) will likely keep interest rates at record lows this year as rising cases of COVID-19 infections continue to impede recovery from the recession, top economists said. ING Bank Manila senior economist Nicholas Mapa said the central bank’s Monetary Board would likely maintain the benchmark interest rate […]
Read MoreTris Rating maintains a negative outlook for the hotel industry in Thailand, with performance to remain under extreme pressure from the slow recovery of travel and tourism demand. As a result, hotels are likely to offer discounts and non-price promotions to draw customers, leading to intense competition, while also focusing on cost management to minimise […]
Read MoreGovernment Savings Bank (GSB) is aiming to lower the interest rate for car title loans to ease the burden on borrowers in this segment, says Vitai Ratanakorn, the bank’s president and chief executive. GSB recently made a foray into this business to help reduce the market interest rate for the loan segment. The bank acquired […]
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