Consumer credit in Cambodia continued to grow during the second quarter of this year, although at a more moderate pace with loan applications decreasing, according to the latest report from the Credit Bureau Cambodia (CBC). According to the report, the total number of consumer loan applications in the second quarter of this year was around […]
Read MoreHANOI – Vietnam and Cambodia share several economic characteristics, but Vietnam’s larger, more diverse economy has the greater capacity to absorb shocks, said a Moody’s report released on Tuesday. The credit rating agency’s conclusions are contained in the report titled “Governments of Cambodia and Vietnam – Vietnam’s economic diversity supports stronger credit profile, despite higher […]
Read MoreMANILA, Philippines – The peso continued yesterday to lose more ground against the dollar, shedding 26 centavos to close at its weakest level in almost 11 years. The local currency closed at 51.34 from Monday’s 51.08 to $1. This was the weakest level for the peso since closing at 51.38 to $1 on Aug. 25, […]
Read MoreTEMPO.CO, Jakarta – In his speech at the House of Representatives Plenary Meeting, President Joko Widodo or Jokowi assured that the government is always cautious regarding debts used for Indonesia’s development. “The debt-to-GDP ratio remains under 30 percent and the State Budget deficit is under 3 percent,” said the President on Wednesday, August 16. Jokowi argues that […]
Read MoreTEMPO.CO, Jakarta – President Joko Widodo or Jokowi said that there is one factor hampering the government in taking Indonesia to a level where the country is acknowledged as competitive by the international community. “What crushes our competitiveness is corruption, it is our common enemy,” said President Jokowi during a meeting with the House of Representatives (DPR) […]
Read MoreTEMPO.CO, Jakarta – The Indonesian governments debts have reached Rp3,779.98 trillion as of late July 2017 to achieve the countrys economic growth target, the Directorate General of Financing and Risk Management of the Finance Ministry said. The debts that resulted from state securities were worth Rp3.045 trillion and those from new loans were worth Rp734.98 trillion, which accounted […]
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Thailand
