Southeast Asian consumers unable to gain credit or access traditional banks are turning to neobanks. Conditions are ripe for these challengers to traditional financial institutions to make progress, although COVID-19 might threaten their disruptive potential.
A new report details the extent to which the coronavirus pandemic is affecting the region’s stock markets and how quickly those markets have started to recover. It offers some insight into how the region’s markets might handle future shocks.
Last month, ministers from the UK and ASEAN held their first joint Economic Dialogue. It produced commitments to boost trade, create new digital partnerships and focus on building sustainable infrastructure.
The Japanese government is encouraging firms to relocate manufacturing from China to Southeast Asia. As Tokyo reacts to Beijing’s handling of the coronavirus and aggression in the South China Sea, it might foster stronger relations with ASEAN.
COVID-19 put tourism in Southeast Asia on hold. ASEAN economies need their tourism sectors to get moving again once restrictions are lifted—but it will take time and a flexible approach.
Thailand’s booming real estate market was slowly declining before the COVID-19 outbreak. The pandemic might offer developers and retailers the chance to rebound stronger than before.
It’s not just our friends and relatives we are making more of an effort to contact during the coronavirus pandemic.
Well, what do you know? It turns out us Brits quite like working from home and don’t really fancy returning to full-time office work once things return to post-COVID-19 normality.