Following a staff reduction of more than 25%, online travel agency (OTA) Agoda says the company is maintaining stable cash flow and can weather months or years of travel restrictions thanks to the strength of domestic bookings. In May the company laid off 1,500 of its 5,500 employees globally because of a sharp drop in […]
Read MorePROMPT payments declined to a new low in the third quarter of 2020 and accounted for less than two-fifths of total payment transactions, the Singapore Commercial Credit Bureau (SCCB) said on Tuesday. This came as local payment performance deteriorated further in the same period, although some slight improvements were seen across certain sectors, the SCCB […]
Read MoreMANILA, Philippines — Adult joblessness has declined to 39.5% percent of the adult labor force, according to a Social Weather Stations phone survey that reported a record high of 45.5% joblessness in July. SWS said in a release Monday evening that the estimated numbers of jobless adults according to its September 17-20, 2020 National Mobile […]
Read MorePeople are installing up to 10 e-wallets on their smartphones, but are only using them during sale promotion programs. Hoang Anh Tung in Hanoi installed an e-wallet app on his smartphone as it promised to give VND100,000 for the first payment with the wallet. After Tung paid the electricity bill with the e-wallet and enjoyed […]
Read MoreLEASING volume for multiple-user factory spaces in Singapore dropped 34.4 per cent on the year to 1,577 transactions in July and August, amounting to S$5.7 million, Knight Frank said on Tuesday. This comes as strong challenges faced during the Singapore “circuit breaker” period and economic uncertainties continue to subdue substantial movements in the leasing market, […]
Read MoreThe Bank of Thailand is asking financial institutions to monitor borrowers’ debt servicing ability as the second-phase debt relief measure is set to expire this month, says GH Bank president. Vulnerable groups, deemed as borrowers that received temporary suspension of debt repayment, will undergo an examination of financial assessment by banks, said Chatchai Sirilai, president […]
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