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Philippines: Banks told to improve borrower assessment

In anticipation of higher loan defaults MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has ordered banks to conduct a comprehensive assessment of the impact of the COVID-19 pandemic on the industry’s loan portfolio in anticipation of higher defaults. BSP Deputy Governor Chuchi Fonacier said BSP-supervised financial institutions should be able to distinguish borrowers […]

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Thailand: CCSA eyes entry for foreign businessmen

The Centre for Covid-19 Situation Administration (CCSA) will next week consider a further easing of the ban on foreign visitors entering Thailand, Prime Minister Prayut Chan-o-cha said on Tuesday. Speaking after a cabinet meeting on Tuesday, Gen Prayut, who chairs the CCSA, said that the cabinet discussed the possibility of further relaxation to allow foreign […]

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