MANILA, Philippines — Fitch Ratings has taken negative ratings action on state-run Land Bank of the Philippines and Development Bank of the Philippines (DBP) as well as privately-owned China Banking Corp. and Philippine National Bank (PNB) as the coronavirus disease 2019 or COVID-19 outbreak is expected to take its toll on the economy and the […]
Read MoreKUALA LUMPUR, May 13 — Malaysia has a good track record with regards to fiscal consolidation, and the government has a proven track record of continuous commitment to medium-term fiscal consolidation plan, said Bank Negara Malaysia (BNM). According to BNM governor Datuk Nor Shamsiah Mohd Yunus, the government had embarked on fiscal consolidation in 2010, […]
Read MoreThe Myanmar government has signalled its intention to tighten up corporate discipline by removing more than 800 companies from the official register for failing to submit their annual returns on time. The Directorate of Investment and Company Administration (DICA) said on May 9 it had removed 810 companies from the register for not filing their annual […]
Read MoreThe Hanoitimes – Lower policy rates would enable commercial banks to cut interest rates in a more sustainable way, which in turn contribute significantly to economic recovery, said a central bank official. Vietnam’s solid macro-economic base has created room for the State Bank of Vietnam (SBV), the country’s central bank, to maneuver its monetary policy and […]
Read MoreThe National Credit Bureau’s 104 members saw an upsurge in non-performing loan (NPL) ratio to 8.1% at the end of March from 6.8% a year earlier as headwinds such as the coronavirus outbreak took hold, says the NCB. Bad loans for mortgages, auto and personal loans and credit cards in the bureau’s database amounted to […]
Read MoreE-commerce and fast-moving consumer goods (FMCG) players in several Asian countries, including Indonesia, believe their business will resume quicker than other sectors after the pandemic, a recent survey shows. They expect businesses to return to normal within five months, around a month earlier than 6.2 months expected by other sectors, according to a survey by […]
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Thailand
