PETALING JAYA: Despite the adverse effects of the coronavirus pandemic on the economy, Malaysia’s banking system remains strong on the back of robust liquidity and deposit-driven funding. In its latest sector update, Moody’s Investors Service rated the domestic banking system’s macro profile as “strong -”, higher than several other countries in South-East Asia. The banking […]
Read MoreSince entering Vietnam last October, Thailand’s leading beverages chain Café Amazon has opened an outlet each in Ben Tre, Tien Giang and Tra Vinh provinces and HCM City, and has plans to expand across the country. It has said Vietnam is one of its 10 important markets and it plans to spend a large amount […]
Read MoreMANILA, Philippines — Local stocks reversed course yesterday, wiping out gains made in the past two sessions, as worries about inflation continue to dog the stock market. The benchmark Philippine Stock Exchange index (PSEi) gave up 38.84 points or 0.61 percent to close at 6,244.74, while the broader All Shares index lost 14.02 points or […]
Read MoreThe office of Prime-Minister Hun Sen has tweeted a report from the Ministry of Foreign Affairs and International Cooperation detailing tourism capacity levels by region for 2020. The areas with the highest level of infrastructure for tourism were in order: Phnom Penh, Siem Reap, Sihanoukville, Kampot and Battambang. Nationally there were 1,028 hotels catering to […]
Read MoreThe Thai Credit Guarantee Corporation (TCG) recorded a low number of requests for its soft loan guarantee, totalling only 6.5 billion baht out of its earmarked 100 billion. Entrepreneurs are taking a wait-and-see approach on whether the economy can rebound from the pandemic. TCG acting president Wasukarn Visansawatdi believes more businesses will apply for the […]
Read MoreKUALA LUMPUR: Malaysia’s decision not to shut down its economy under the Movement Control Order (MCO) 2.0 and MCO 3.0 could prevent various adverse effects, including unemployment reaching an estimated one million people, said Tengku Datuk Seri Zafrul Abdul Aziz. The finance minister said applying the lessons learned from the first COVID-19 wave, no country […]
Read More
Thailand
