The number of consumer loans has been increasing rapidly, but the legal framework to control the activities is not strong. To eliminate ‘black credit’, experts are urged to set up policies to encourage the establishment of finance companies which allow more clients to access consumer loans. The State Bank of Vietnam (SBV) also encourages credit […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has extended the effectivity of higher single borrower’s limit (SBL) of 30 percent and other regulatory relief measures for banks until end- March next year amid the economic fallout from the global health crisis. BSP Deputy Governor Chuchi Fonacier said the BSP has approved the effectivity […]
Read MoreMyanmar’s economy is likely to suffer a blow from a sudden economic slowdown and its subsequent lower FDI, according to the report on the impact of the COVID-19 on Myanmar’s export published by Myantrade. Domestic consumption, the main driver of Myanmar economic growth, will weaken as a result of reduced household spending caused by increased […]
Read MoreThailand risks dropping to No.5 in rice exports over the next decade if the country remains complacent and does not develop a long-term rice strategy for seeds and competitiveness, warns the Thai Rice Exporters Association. Charoen Laothammatas, the association’s president, said on Wednesday Thailand is expected to see a continuous drop in exports as the country’s […]
Read MoreThailand and Taiwan may be added to the US watchlist for currency manipulation after meeting all of the criteria set out by the Treasury Department, according to UBS Group. A country is included in the monitoring list if it fulfills two of three benchmarks: a trade surplus with the United States of at least US$20 […]
Read MoreDollar Rate against Myanmar Kyat, which has been weak since earlier this year, bounced back to nearly K1,400 per dollar today. On July 17, greenback against Myanmar Kyat was around K1,376 per dollar on buying price and K1,383 per dollar on selling price compared to K1,385 in buying rate and K1,397 in selling rate on […]
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