SCG Packaging (SCGP) is joining hands with its Vietnamese partners under a 10-billion-baht investment to expand its packaging solution business in Vietnam, where demand for packaging products is growing. The latest move is the signing of a share purchase agreement yesterday to acquire a 70% stake in Duy Tan Plastics Manufacturing Corporation, Vietnam’s top producer […]
Read MoreMANILA, Philippines — The gross non-performing loan (NPL) ratio of Philippine banks eased to 3.61 percent in December after accelerating for 11 straight months in 2020, according to the Bangko Sentral ng Pilipinas (BSP). The latest NPL level was lower than the 3.78 percent recorded in November, but higher than the 2.04 percent recorded in […]
Read MoreKUALA LUMPUR: Malaysia’s economic slump is expected to have deepened in the fourth quarter due to sustained restrictions on movement and business to curb the spread of the coronavirus, a Reuters poll showed on Tuesday. The median estimate of 12 economists pointed to the economy shrinking 3.1% in the October-December quarter from a year ago, […]
Read MoreRESALE prices of non-landed private homes in Singapore rose for the sixth straight month in January 2021, SRX Property said on Tuesday. Overall prices were up 1.2 per cent from December 2020, and 2.2 per cent higher compared to January 2020, according to flash figures from the real estate portal. All regions saw price increases […]
Read MoreMANILA, Philippines — The Philippines is not suffering from stagflation and the risks of doing so in the future is nil as the economy is still expected to rebound despite what government said was a slow start this year. “There is no reason to worry about stagflation. At least not yet,” Steven Cochrane, chief Asia […]
Read MoreSINGAPORE: A prominent Singapore businessman has said he will exit his investment in a tobacco firm linked to the Myanmar military, after the army deposed the country’s democratically elected government in a coup last week. Lim Kaling, co-founder and director of Hong Kong-listed gaming group Razer, said in a statement on Tuesday he was a […]
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Thailand
