Bank share prices rallied by about 30% in November as investors gained confidence in an economic recovery amid progress in the development of Covid-19 vaccines, say analysts, although non-performing loans (NPLs) are expected to surge in the second half of 2021 once debt relief schemes come to an end. Charlie Kueyen, an analyst at KGI […]
Read MoreThe government has released a new ecommerce strategy to address how the nation can best benefit from the rapid growth over the last decade of the Kingdom’s digital economy. One of the main focuses of the strategy is how to improve digital literacy in order to close any skill gaps that would hinder Cambodia’s ecommerce […]
Read MoreMANILA, Philippines — The country’s gross borrowings breached the P3-trillion mark from January to October as the government continued to secure more loans to fund its COVID-19 response, according to the Bureau of the Treasury (BTr). The national government’s gross borrowings soared by 233 percent to P3.22 trillion in the first 10 months from P967.56 […]
Read MoreMANILA, Philippines — The Philippine business environment may see a number of asset purchases and mergers and acquisitions as some bigger companies and private funds are gobbling up those hit by COVID-19, seizing opportunities in the “new normal.” Many private equity funds abroad, for instance, are taking interest in some Philippine companies that may need […]
Read MorePETALING JAYA: The ringgit is expected to stay firm against the US dollar at the 4.07-4.10 levels by year-end. AmBank group chief economist and AmBank Research head Anthony Dass attributed this to the continued weakness in the US dollar, which he said would provide positive impetus for the local currency’s strength. He said on the […]
Read MoreThe Indonesian Coal Mining Association (APBI) on November 25 signed a deal with the China Coal Transport and Distribution (CCTD) association to export $1.46 billion worth of coal to China next year. The value is low compared to that of realised exports this year, but the APBI said in a joint statement with the Ministry […]
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Thailand
