Indonesia opted for less punishing social-distancing measures than its neighbors to stem the spread of the coronavirus. Now analysts are warning its economy will take much longer to recover than others in Southeast Asia. With the peak of the pandemic expected in late May, President Joko Widodo is recalibrating his strategy of large-scale social distancing […]
Read MoreAirlines are set to restart services with more limited seat capacity and possibly higher ticket prices to comply with social distancing rules ordered by the Civil Aviation Authority of Thailand (CAAT). “Normally, load factor of each flight should be 60% to reach the break-even point, but under the new seat allocation requiring airlines to leave […]
Read MoreSINGAPORE – Both retail and office rents and prices in Singapore weakened in the first quarter of this year as businesses grappled with the economic fallout from the coronavirus outbreak, as shown by data released by the Urban Redevelopment Authority (URA) on Friday (April 24). The rents and prices of office space in the central region dropped […]
Read MoreCambodia’s fastest-growing ride-hailing app is stepping up to help businesses stay connected to their customers by offering its ‘final mile’ delivery solution – that businesses can use to serve their customers wherever they are in Phnom Penh. Launched this week the offer provides businesses a free month of TADA’s delivery service after sign up by […]
Read MoreMANILA, Philippines — S&P Global Ratings said credit losses of Philippine banks may reach $2 billion this year due to deteriorating asset quality arising from defaults amid the coronavirus disease 2019 or COVID-19 pandemic. Credit loss arises from delinquent and bad debt or other credit that is likely to default. Banks are required to set […]
Read MoreIn view of COVID-19, the Central Bank of Myanmar (CBM) has granted a three-year extension for banks to comply with four directives to better align the sector with international standards released in 2017. Banks now have until August 31, 2023 to comply with:Notification No. (16/2017) Capital Adequacy Regulation, Notification No. (17/2017) Asset Classification and Provisioning […]
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Thailand
