MANILA, Philippines — The growth in the country’s money supply continued to ease for the sixth consecutive month in November 2020 as credit demand remained weak amid a pandemic-induced slowdown in business activities and consumer spending, the Bangko Sentral ng Pilipinas (BSP) said yesterday. Preliminary data from the central bank showed that domestic liquidity, as […]
Read MoreSmall and medium-sized enterprises (SMEs) have taken a slight upper hand in the negotiation of commercial rental prices across the Kingdom as COVID-19 is still hindering the property sector. Since March 2020, COVID-19 has caused numerous businesses to shut down, some under government instruction, others because of business owner fear of infection and the general […]
Read MoreThe Hanoitimes – The German government fully support the enforcement of agreements in trade and industrial cooperation, including the EU – Vietnam Free Trade Agreement (EVFTA), to boost bilateral trade and investment cooperation. Vietnam seeks Germany’s support for local enterprises to join production chains of parts and accessories and set up a center for digital transformation […]
Read MoreGrab commands 50% of the market share among online food delivery apps in terms of gross merchandise value (GMV), followed by Foodpanda at 23% and Lineman 20%, according to the consultancy Momentum Works (MW). While food delivery platforms do not report their internal numbers for GMV or revenue, the report by MW offers evidence of […]
Read MoreThe communist government of the Southeast Asian country of Laos is targeting annual economic growth of 4% in its five-year socio-economic plan to 2025, which aims to maintain growth and improve infrastructure. The plan, outlined by Prime Minister Thongloun Sisoulith at the 11th Party Congress on Wednesday, aims to reach annual average per capita income […]
Read MoreMANILA, Philippines — Remittances from overseas Filipino workers continued to grow in November 2020 although at a slower pace compared to previous months, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. According to the latest data from the BSP, personal remittances rose by just 0.1 percent to $2.643 billion in November last year from $2.639 […]
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