As the outbreak continues to escalate, housing developer sentiment for the next six months is expected to reach its lowest point in the third quarter of 2021 since the first quarter of 2009, with non-listed firms showing the greatest concern. Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC), said the expectations index […]
Read MorePETALING JAYA: Consumer sentiment is expected to take a hit before rebounding by year-end as the labour market continues to remain weak, fuelled by restrictions arising from the more infectious Covid-19 variants. The Consumer Sentiment Index (CSI) suffered a pullback in the second quarter (Q2) of 2021, slipping 34.6 points to 64.3 from 98.9 points […]
Read MoreThe National Bank of Cambodia (NBC) continues progressing with its central bank digital currency- (CBDC)-like initiative known as Bakong, disclosing several project milestones. NBC’s director general and the Bakong project lead Chea Serey said in a Wednesday interview with The Nikkei that Bakong’s electronic wallet reached 200,000 users in June, doubling from three months earlier. […]
Read MoreMANILA, Philippines — The lingering pandemic was less damaging to the economy in the first quarter than originally reported, state statisticians said Monday. Gross domestic product shrank at an annualized rate of 3.9% in the first three months, softer than preliminary 4.2% on-year collapse reported last May. The latest figure takes into account a larger […]
Read MoreFood processors have asked the Internal Trade Department to raise the prices of processed food by 5-7%, citing high production costs from raw materials, packaging and labour. Visit Limlurcha, president of the Thai Food Processors Association and vice-chairman of the Thai Chamber of Commerce, said Thai food processors face higher production costs given the rising […]
Read MoreStagnant business and production activities as a result of the impact of Covid-19, increased pressure over delivery to partners, and high transport costs are threatening the supply chains of the apparel sector. “The supply chain of the apparel sector is nearing paralysis. If the situation does not improve, the prestige of Vietnam’s apparel sector will […]
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