Vietnamese firms invested $545.9 million in overseas projects in the first four months of 2021, a year-on-year rise of 7.9-fold, according to Vietnam’s Ministry of Planning and Investment. Cambodia secured $89.1 million in these investments from Vietnam, ranking second in terms of the total investments announced for the first four months. There were 18 new […]
Read MoreMANILA, Philippines (UPDATE 1 11:50 a.m., May 11) — The Philippines stayed in recession in the first quarter as expected, making official intuitions that once Southeast Asia’s fastest growing economy would crawl back to prosperity in the face of soaring prices, more infectious coronavirus variants and sluggish vaccinations. Gross domestic product (GDP) shrank 4.2% year-on-year from January to […]
Read MoreKUALA LUMPUR: A blanket loan moratorium may not be the best solution for borrowers following the re-imposition of the Movement Control Order (MCO) nationwide; instead they should approach banks to help them meet their debt obligations, Bank Negara Malaysia (BNM) said. Governor Datuk Nor Shamsiah Mohd Yunus said all banks already have their payment assistance […]
Read MoreThere has been a positive shift in Vietnam’s rice export structure towards a focus on fragrant rice products with higher quality and price, stated the country’s food association. Vietnam is set to remain the world’s second largest rice exporter in 2021 with 6.4 million tons, an increase of 233,000 tons compared to last year. The […]
Read MoreMANILA, Philippines — Philippine banks reported a three percent decline in net income to P53.98 billion in the first quarter from P55.68 billion in the same period last year as the value of bad debts written off by the banking industry tripled during the review period, according to the Bangko Sentral ng Pilipinas (BSP). Preliminary […]
Read MoreHDB upgraders were likely drivers of condominium resale transactions in April, property analysts noted after resale volumes hit an 11-year high according to flash figures from real estate portal SRX Property. There were 1,993 units resold in April 2021 – the highest monthly volume seen since April 2010. There was a 7.9 per cent increase […]
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Thailand
