Domestic beer consumption in the second half of the year is expected to improve over the first six months, while next year the beer industry can grow by 20 percent compared to the low base this year.
Penang, Malaysia’s technology hub, is helping drive an economic recovery that could see the country bounce back faster than any of its peers in Southeast Asia, said experts.
The Philippine economy may contract by 8 percent in the second quarter of 2020 due to containment measures against COVID-19, according to Moody’s Analytics.
The Vietnam Dairy Products JSC (Vinamilk) recorded over 15.49 trillion VND (670.16 million USD) in consolidated net revenue between April and June, up 9.5 percent from the first quarter and 6.1 percent from a year earlier.
Indonesia has revised this year’s investment attraction target down to 817 trillion Rp (57.5 billion USD) from 886 trillion Rp due to COVID-19 impacts.
Firms with US dollar-denominated debts estimate to regain significantly in the second quarter of this year as the US dollar has devalued against the Vietnamese dong in the period after reporting a surge in the first quarter.
Bank Central Asia (BCA), Indonesia’s largest lender by market capitalisation, reported 6.58 trillion rupiah (444 million USD) in net income in the first quarter of this year, up 8.5 percent against the first quarter of 2019, when it reported net income of 6.06 trillion rupiah.
Checkable deposits saw a significant quarter-on-quarter decline as of the end of March, despite more payment accounts opened in the first three months of this year.
Increasing demand for medicine amid the COVID-19 pandemic has helped most pharmaceutical enterprises report positive business results in the first quarter of this year.
The Philippines saw metal production falling nearly 11 percent to 24.86 billion peso (490 million USD) in the first quarter of this year due to the COVID-19 pandemic, data from the Mines and Geosciences Bureau (MGB) showed.
Total assets of credit institutions and foreign banks in Vietnam by the end of the first quarter of this year inched down 0.72 per cent to 12.48 quadrillion VND (521.76 billion USD) compared to the end of last year.
The Cambodian government has approved a request of the Garment Manufacturers Association in Cambodia (GMAC) and encouraged garment factories to produce all kinds of face masks, medical equipment, and protective clothing for both domestic consumption and export.
Credit institutions in Vietnam settled more than 26.94 trillion VND (1.17 billion USD) of non-performing loans (NPLs) in the first quarter of this year.
Industrial park infrastructure development companies continue to do well amid the COVID-19 pandemic, and the industrial property sector is expected to thrive since Vietnam is considered among the most attractive investment destinations post-pandemic.
The after-tax profits of listed companies on the Hanoi Stock Exchange (HNX) reached nearly 4.2 trillion VND (179 million USD) in the first quarter of this year, down 10.3 percent from a year earlier, according to the HNX.
Malaysia’s gross domestic product (GDP) growth fell sharply to 0.7 percent in the first quarter of this year, the lowest seen since Q3 2009, according to a statement from the Department of Statistics Malaysia.
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