SINGAPORE: Singapore said its economy will probably expand 4% to 6% next year amid a global recovery from the worst of the coronavirus pandemic and as travel restrictions and local safety measures are eased. The city-state also narrowed its forecast for this year’s contraction, the Trade and Industry Ministry (MTI) said in a statement, highlighting […]
Read MoreIndonesia’s economy is expected to return to growth in 2021 after facing a recession this year, economists say, but unemployment and poverty may rise further as economic activity will remain sluggish. Indonesia’s gross domestic product (GDP) may grow 3 percent next year, driven by a gradual improvement in household spending and loan growth as well […]
Read MoreMANILA, Philippines — Investments approved by the Philippine Economic Zone Authority (PEZA) may exceed P100 billion this year with expected investments from both new and existing investors. “We might exceed more than P100 billion this year with all the positive responses of our present investors, future investors as well as incoming investors,” PEZA director general […]
Read MoreBangkok Bank (BBL) plans to increase its customer base in the upper-income segment for credit card loans next year to beef up risk management against rising bad loans and swelling household debt. The bank aims to shift its focus to new credit card applicants with a monthly income of 25,000-30,000 baht next year, up from […]
Read MoreCambodia Securities Exchange (CSX) has agreed to renew the “Liquidity Provider” (LP) status of Yuanta Securities (Cambodia) for the common stock Phnom Penh Autonomous Port (PPAP), according to an official announcement yesterday. The statement said the renewal will be valid for two years starting from Dec 21 this year with the exchange noting that Yuanta […]
Read MoreIt takes Vietnam only 20 years to transform from 7% to 14% of the population aged 65 and over. Vietnam, one of the most rapidly aging countries in the world, is estimated to see more than 22 million older persons or 20.4% of the total population by 2050. Currently, the number of older persons is […]
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Thailand
