MANILA, Philippines (UPDATE 12:11 p.m., Oct. 6) — Inflation slowed for the second straight month in September despite key economic centers returning back to business after a brief lockdown the previous month, reflecting a long way back to reviving consumer demand. Consumer prices rose 2.3% year-on-year in September from 2.4% the previous month, the Philippine Statistics Authority […]
Read MoreKUALA LUMPUR: Overall investments in Malaysia will regain momentum between 2021 and 2022, according to United Overseas Bank (Malaysia) Bhd (UOB Malaysia). The bank said this would be driven by the government’s focus on reviving the investment climate and the Malaysian Investment Development Authority’s (Mida) ongoing efforts to lure and expedite investment approval process, as […]
Read MoreFollowing a staff reduction of more than 25%, online travel agency (OTA) Agoda says the company is maintaining stable cash flow and can weather months or years of travel restrictions thanks to the strength of domestic bookings. In May the company laid off 1,500 of its 5,500 employees globally because of a sharp drop in […]
Read MorePROMPT payments declined to a new low in the third quarter of 2020 and accounted for less than two-fifths of total payment transactions, the Singapore Commercial Credit Bureau (SCCB) said on Tuesday. This came as local payment performance deteriorated further in the same period, although some slight improvements were seen across certain sectors, the SCCB […]
Read MoreMANILA, Philippines — Adult joblessness has declined to 39.5% percent of the adult labor force, according to a Social Weather Stations phone survey that reported a record high of 45.5% joblessness in July. SWS said in a release Monday evening that the estimated numbers of jobless adults according to its September 17-20, 2020 National Mobile […]
Read MorePeople are installing up to 10 e-wallets on their smartphones, but are only using them during sale promotion programs. Hoang Anh Tung in Hanoi installed an e-wallet app on his smartphone as it promised to give VND100,000 for the first payment with the wallet. After Tung paid the electricity bill with the e-wallet and enjoyed […]
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Thailand
