MANILA, Philippines — Nearly 70 percent of micro, small and medium enterprises (MSMEs) reported lower sales due to the pandemic, according to a survey conducted by the Department of Trade and Industry (DTI). During the online dialogue of the DTI with the Union of Local Authorities of the Philippines, Trade Undersecretary Ireneo Vizmonte said the […]
Read MoreBangkok Bank has warned of a possible oversupply in the low-rise housing market in Greater Bangkok as many developers flee the sluggish condo sector for the segment. Phairach Sakwit, senior vice-president for property development at Bangkok Bank, said there were about 300,000 unsold residential units in Greater Bangkok as of the first half of 2020. […]
Read MoreCambodia has not requested any creditors for the delay in loan repayments during this hard time of COVID-19 pandemic, said Phay Siphan, Minister Attached to the Prime Minister and Chairman of the Royal Government Spokesperson Unit. “As noted by the Prime Minister, Cambodia is in a better situation compared to some other countries in terms […]
Read MoreArtificial intelligence could add US$366 billion to Indonesia’s gross domestic product in the next decade and almost $1 trillion in added GDP across Southeast Asia, a recent study has shown. The study by consulting firm Kearney and Singapore-based investment firm EDBI says that 80 percent of respondents are still in the early stages of AI […]
Read MoreMANILA, Philippines — The national government’s debt payments surged almost five-fold to P152.4 billion in August following the settlement of matured domestic securities during the period, according to the Bureau of the Treasury. Based on the latest data from the BTr, total debt payments in August soared by 383 percent to P152.4 billion from P31.58 […]
Read MoreA majority of European businesses in Viet Nam expect to increase their operations in the country, the sixth Business Sentiment Survey of the EU-ASEAN Business Council released on Thursday shows. A total of 72 per cent of respondents in Viet Nam have plans to expand, while 63 per cent of respondents in the country are […]
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