SINGAPORE – Firms in Singapore’s manufacturing and services industries remain pessimistic about the business outlook for the second half of the year, amid the ongoing coronavirus pandemic and uncertain global trade and macroeconomic conditions. Their sentiments were captured in separate surveys released by the Economic Development Board (EDB) and the Department of Statistics (SingStat) on […]
Read MoreThailand’s exports are likely to shrink by as much as 13.5% this year, the worst showing in a decade, if a Covid-19 vaccine is not available this year, according to a university study. Aat Pisanwanich, director of the Center for International Trade Studies at the University of the Thai Chamber of Commerce, said a vaccine […]
Read MoreMANILA, Philippines — Budget carrier Cebu Pacific on Thursday announced it will fly again to key Asian destinations from Manila next month in a bid to “slowly rebuild its international flight network” as the aviation industry faces a long haul to recovery. In a statement, the Gokongwei-led airline said planes will take off from the capital […]
Read MoreConsumer goods giant PT Unilever Indonesia booked a slight decrease in its net profit during this year’s first half as the coronavirus pandemic hit demand. The local arm of Anglo-Dutch company Unilever pocketed Rp 3.62 trillion (US$246.46 million) in net profit during the period, a 2.2 percent decline compared to the corresponding period last year. […]
Read MoreBooyoung Khmer II Co Ltd, a subsidiary of Booyoung Group of Korea, yesterday announced sales of homes at Borey Booyoung Sensok. The residential project cost more than $95 million on the 110,000 square metres (sq m) of land, located in Banla Saet village, Khmounh commune, Sen Sok district, Phnom Penh. It is five minutes from […]
Read MoreMajor gold traders have agreed to use the US dollar in order to limit volatility in using the baht, says a Bank of Thailand senior executive. The central bank agrees in principle with major local traders using only the dollar for gold trading and settlement to mitigate foreign exchange volatility in the trade. The move is […]
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