MALAYSIA’S retail sales have yet to recover to pre-Covid levels at the aggregate level, though categories such as food and consumer electronics have outperformed, Fitch Solutions Country Risk and Industry Research said in a Nov 19 report, while also noting “evidence that Covid-19 has accelerated the formalisation of the retail market in Malaysia”. In the […]
Read MoreQuality and food safety are key points for the positive growth of food delivery. The market for food delivery and fresh food has never seen steady growth in the number of orders before even though many eateries and restaurants have resumed on-site services in recent months. Covid-19 has changed the consumption habits of many people, […]
Read MoreThe baht opened at 32.81 to the US dollar on Monday, weakening from the previous closing of 32.76. The Thai currency is likely to move between 32.55 and 33.00 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht is likely to fluctuate while the dollar might […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) and economists expect inflation easing toward the end of the year until next year despite the warning of the International Monetary Fund (IMF) that elevated consumer prices could hang around longer in some countries. After staying above the central bank’s two to four percent target, BSP […]
Read MoreCambodia’s economy will recover from last year’s 3.1 percent contraction this year and strengthen even further in 2022, according to Fitch Solutions. It forecasts real gross domestic product (GDP) of 2.5 percent in 2021 and 4.7 percent in 2022. “Our forecast continues to reflect the poorer prospects for services growth amid the country’s protracted struggle […]
Read MoreVietnam may gain $6 billion from garment and textile exports in November and December, totaling $38 billion in this year’s turnover, stated Vietnam Textile and Apparel Association (VITAS). Thanks to loosened social distancing in October, the country’s garment and textile production, especially in Ho Chi Minh City and other southern localities, quickly recovered, with over […]
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