Banking loan growth could slow to levels below economic growth, while the bad loan ratio is expected to surpass 3% this year as the economy falters, says a senior official at the central bank. Lending growth is predicted to exceed 2% this year, compared with growth of 2% and 6% in 2019 and 2018, respectively, […]
Read MoreMANILA, Philippines — Fitch Solutions Macro Research is maintaining its gross domestic product (GDP) growth forecast for the Philippines for now despite the outbreak of coronavirus disease (COVID-19). The research arm of the Fitch Group has retained the projected GDP growth of the Philippines at 6.3 percent this year after hitting an eight-year low of […]
Read MoreThe government looks poised to introduce a fresh economic stimulus package after the economy slipped to a five-year low in growth last year and a possible contraction in the first quarter of this year. Finance Minister Uttama Savanayana, on a trade delegation to Japan chaired by Deputy Prime Minister Somkid Jatusripitak, said the ministry is […]
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