MANILA, Philippines — Economists expect inflation to rise in August as the reopening of the economy after the lifting of the stricter modified enhanced community quarantine for Metro Manila and nearby provinces quickened the increase in prices. Ruben Carlo Asuncion, chief economist at Union Bank of the Philippines, said inflation likely accelerated to a 14-month […]
Read MoreCentara Hotels & Resorts, Thailand’s leading hotel operator, has signed management agreements with three new hotels in Myanmar, TTRweekly reported. The agreements cover three hotels developed by SL International Construction Co Ltd. The properties will be rebranded Centra by Centara Hotel Thiri Hpa-An, Hpa-An Hilltop Resort & Spa, and Centara Hotel Mandalay. In the last […]
Read MoreAsean is scheduled to clinch a pact on mutual recognition arrangements (MRAs) for automobiles and building and construction materials next month in a move to reduce production costs and foster trade among members. Sansern Samalapa, vice-minister to the commerce minister, said that despite the Covid-19 crisis, Asean members have continued working closely on MRAs for […]
Read MorePETALING JAYA: All eyes continue to be focused on the provisions made by the banking sector as the earnings season for the second quarter of 2020 comes to a close. There are expectations that the banking and lending sector should increase its provisions as a precautionary measure as the fallout from the Covid-19 pandemic continues. […]
Read MoreSINGAPORE (THE BUSINESS TIMES) – Bank lending in Singapore extended its slide for the fifth straight month in July, dipping 0.2 per cent from the previous month, preliminary data from the Monetary Authority of Singapore (MAS) showed on Monday (Aug 31). Loans through the domestic banking unit – which captures lending in all currencies, but […]
Read MoreThe Hanoitimes – Core inflation rose 2.66% year-on-year in the first eight months of 2020. Vietnam’s consumer price index (CPI), the main gauge of inflation, in August increased 0.07% against the previous month, but dipped 0.12% versus the end of 2019, both at the weakest levels in the 2016 – 2020 period, according to the General […]
Read More
Thailand
