SINGAPORE – Bank lending in Singapore shrank 0.7 per cent in June from a month ago as loans to businesses continued to decline, though there were signs of pick up in consumer lending with the lifting of circuit breaker measures. Loans through the domestic banking unit – which captures lending in all currencies, but reflects […]
Read MoreThe Hanoitimes – By being ahead of the curve of the Covid-19 crisis, Vietnam has the unique opportunity to increase its footprint on the global economy, said a World Bank’s senior executive. Although Vietnam’s economy is set to grow 2.8% in 2020, the lowest growth rate over the past 35 years, it will ensure the position […]
Read MoreUber will keep its Asian headquarters in Singapore for now, the ride-hailing giant said Thursday, blaming regulatory uncertainty for thwarting a mooted shift to Hong Kong. The decision came weeks after China imposed a controversial national security law on Hong Kong — although Uber did not mention the legislation in its announcement. The company announced […]
Read MoreMANILA, Philippines — Inflation likely stayed manageable this month even as the economy slowly roared back to life from a coronavirus-led shutdown, the Bangko Sentral ng Pilipinas (BSP) said Thursday. In a statement, the central bank’s Department of Economic Research projected consumer prices would rise between 2.2-3% this month. If realized, this would sit comfortably […]
Read MoreThailand’s manufacturing production index (MPI) in June increased for the second consecutive month by 4.1% to 83.0 points as people begin to resume their normal spending, says the Office of Industrial Economics (OIE). Consumer products, notably food and medicines, drove MPI gains, following a slight increase in May when the government started easing lockdown measures. […]
Read MoreTourism marketing plan 2020-2024 is on its way to transform the coastal Kep province into an attractive high-end leisure destination in Cambodia. The optimism was floated following a meeting held in the provincial city yesterday to review the long-term marketing plan chaired by Som Piseth, Kep Provincial Governor. The plan, as underlined by the governor, […]
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