KUALA LUMPUR: Risks are growing for Singapore’s three largest banks – DBS Bank Ltd, Oversea-Chinese Banking Corp Ltd (OCBC) and United Overseas Bank Ltd (UOB) – as economic conditions worsen, Moody’s Investors Service said. It said non-performing loans (NPLs) ratios remained low at 1.5%, but would deteriorate amid rising volatility. It added that further improvement […]
Read MoreOf the three stages in digital transformation, 70% of Thai enterprises are in the second step, using software applications and cloud computing, integrating silos of data and making predictions via data analysis, says ABeam Consulting (Thailand), a subsidiary of the Japanese firm. The first step is known as digitisation, where organisations’ data is stored in […]
Read MoreMANILA, Philippines — The Manila Electric Company (Meralco) announced the fourth consecutive month of lower power rates. As a result, overall electricity rates for a typical household consuming 200kWh decreased to P9.5674 per kWh this August from last month’s P9.9850 per kWh. The downward adjustment of P0.4176 per kWh means a decrease of around P84 […]
Read MoreHigher investments are essential for maintaining Indonesia’s stable annual economic growth, Finance Minister Sri Mulyani Indrawati says. “We have to make sure that growth can be spurred from investment, the fundamental factor for Indonesia to be able to maintain its growth momentum of above 5 percent without incurring vulnerabilities amid a very volatile global environment,” […]
Read MoreThailand will propose a tax on over-the-top (OTT) service providers to Asean members when the region’s telecom regulators meet in Bangkok next week, says the National Broadcasting and Telecommunications Commission (NBTC). The 25th Asean Telecommunication Regulators’ Council (ATRC) meeting will be held Aug 20-23 at Anantara Riverside Hotel. A press statement yesterday from the NBTC […]
Read MoreBank of Thailand governor Veerathai Santiprabhob has thrown his support behind the government’s plan to form a fiscal and monetary committee, saying the new body would reinforce cooperation among related agencies to better handle rising global economic uncertainties. The imminent committee will not have any impact on the central bank’s monetary policy decision-making, leaving its […]
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