MANILA, Philippines — Credit growth picked up pace in November last year, rising by 10.1 percent as the Bangko Sentral ng Pilipinas slashed key interest rates and lowered the reserve requirement of banks.’ According to BSP data, banks disbursed P8.95 trillion worth of loans as of end-November last year, P821 billion more than the P8.13 […]
Read MoreThe release of new K1000 bank notes bearing the portrait of Bogyoke Aung San on January 7 is not expected to impact inflation, economists and banking experts said in response to market concerns. When the Central Bank circulates new notes into the economy, it will retrieve the equivalent amount of old notes to avoid inflation, […]
Read MoreRegistered vehicles have risen 13 percent in one year because of rapid economic expansion and rising incomes, according to the annual report from the Ministry of Public Works and Transport. The Ministry’s report puts the number of newly registered vehicles this year at 640,183 in total. Consisting of 15,956 heavy vehicles, 92,958 cars and 531,269 […]
Read MoreBusiness operators are calling for the government to beef up measures to support companies and Thais to assist with soaring operating and living costs amid high economic uncertainty this year, mainly driven by rising oil prices as a result of US-Iran military tensions. The price per barrel of crude oil could reach as high as […]
Read MoreThe Hanoitimes – Vietnam has so far also outlined primary strategies to lure high quality foreign investment until 2030 under a Politburo resolution. Experts have called on the Vietnamese government to set new standards to sort out investment projects so as to ensure that foreign capital inflow into the country is truly qualified and environmentally friendly. […]
Read MoreShippers are painting a gloomy picture of the country’s exports, predicting outbound shipments to contract by as much as 5% this year. Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers’ Council (TNSC), said the strong baht remains a key risk weighing on export prospects this year, along with drought and the latest US-Iran tensions. “We […]
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Thailand
