SINGAPORE’S official growth forecast for 2020 has been downgraded, with authorities bracing for the possibility of a contraction should the novel coronavirus outbreak be more severe than anticipated, a scenario that economists say could set the stage for further monetary easing. The Ministry of Trade and Industry (MTI) is expecting full-year gross domestic product (GDP) […]
Read MorePETALING JAYA: Banks in Malaysia may see further compression in net interest margin (NIM) by three to four basis points (bps) should the central bank cut interest rates again in the coming months to support the country’s slowing economy. Analysing the possibility of Bank Negara cutting the overnight policy rate (OPR) by another 25bps to […]
Read MoreElectricity generation will not be sufficient to supply all areas in Laos during times of peak consumption from March to June, according to authorities, who are urging the public to cut energy usage during this period. The Ministry of Energy and Mines has announced that less power can be generated while reservoirs are only half […]
Read MoreSingaporean oil and gas company KrisEnergy has decided to give up one of its oil exploration blocks in Vietnam to focus on its operations in Cambodia. The company said in a news release that KrisEnergy Vietnam has entered into a farm-out-agreement with a major oil and gas company for the transfer of its 100 percent […]
Read MoreBanking 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 […]
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Thailand
