The total insurance market premium reached $201.7 million as of the third quarter of this year, an increase of 8.2 percent over the same period in 2019. The growth was driven by a sharp rise in the general insurance market, which grew by 18.2 percent, the life insurance market by 2.8 percent, but micro-sized insurance […]
Read MoreMoody’s Investors Service has tagged the Philippines as one of the countries in the Asia-Pacific (APAC) region that will face challenges in addressing income gaps after the coronavirus disease 2019 (Covid-19) pandemic ends. In a report on Tuesday, the New York-based debt watcher said the impact of the pandemic would exacerbate income inequality in the […]
Read MoreKUALA LUMPUR: Shares in Top Glove Corp Bhd finished the day at RM6.80 – its day’s low, after 28 of its factories in Kapar, Klang, are set to be shut down in stages following a surge in Covid-19 cases. The fall in its share price also dragged down the FBM KLCI by 6.88 points. “There are 1,067 […]
Read MoreThe Philippine economy will likely contract by more than 8 percent this year and is expected to start to recover in the latter part of 2022 at the earliest, a former Cabinet official said on Monday. During the Pilipinas Conference 2020, former National Economic and Development Authority (NEDA) secretary Ernesto Pernia said he expects the […]
Read MoreThailand’s retail industry is likely to see a lower contraction this year to 6% from the previously projected 7.8% fall, driven by a host of stimulus measures. Voralak Tulaphorn, chief marketing officer of The Mall Group, said the co-payment programme, and the Shop and Payback tax rebate scheme, in particular, have helped boost consumers’ spending […]
Read MoreThe Regional Comprehensive Economic Partnership (RCEP) would not worsen the trade deficit Vietnam was running with signatory markets, according to the Ministry of Industry and Trade. Statistics showed that Vietnam ran a trade deficit worth US$5.58 billion with ASEAN, $27.71 billion with China and $21.37 billion with the Republic of Korea in the first nine […]
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