The Hanoitimes – Vietnam’s 2021 growth is forecast at 11.2%, the highest in the Asia-Pacific region. Vietnam will likely be the second fast-growing economy in Asia-Pacific this year, only behind China, as the Southeast Asian country has emerged as a bright star in containing the Covid-19 pandemic, S&P Global Ratings has forecast in its recent report. […]
Read MoreWHILE the global trend is largely moving towards the adoption of e-payment systems, cash or paper money will still be here to stay – at least in the near to medium term. Cash, which has been around for more than two millenniums, still has its role to play in the economy. Among some of the […]
Read MoreCambodia’s inflation remains low at around 3 percent in the first eight month of this year with a stable exchange rate while the country’s international reserves continue to grow and can ensure up to 10 months of imports of goods and services, according to Chea Chanto, the governor the National Bank of Cambodia (NBC). The […]
Read MoreAn interest rate incompatible with banks’ financial costs is the main reason the Bank of Thailand’s soft loan programme has floundered, according to a source at a state-owned financial institution. The central bank has been offering 500 billion baht in soft loans at 0.01% interest to financial institutions for two years to re-lend to small […]
Read MorePrime Minister Thongloun Sisoulith told business operators on Friday that it was essential for the public and private sectors to cooperate more closely amid the Covid-19 pandemic to ensure no one is left behind. The premier delivered a motivational address to the 8 th Congress of the Lao National Chamber of Commerce and Industry (LNCCI), […]
Read MoreBankers are optimistic that rising bad debts driven by Covid-19 are manageable, though the second phase of the moratorium offered by many banks will end next month. They estimate non-performing loans (NPLs) to rise to 5 per cent by the end of this year, up from 3 per cent at the end of last year. […]
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Thailand
