Slowest in 13 years MANILA, Philippines — Credit growth slumped to its slowest pace in more than 13 years as banks are more cautious because of the growing number of loan defaults despite the regulatory relief measures extended by the Bangko Sentral ng Pilipinas (BSP). Preliminary data from the BSP showed loans extended by big […]
Read MoreThe Finance Ministry has discussed managing the baht’s movements with the Bank of Thailand in a bid to help exporters and recoup the economy amid a tourism slump. The export sector plays an important role in helping stimulate the economic recovery as the tourism industry remains battered by adverse effects stemming from the pandemic, said […]
Read MoreThe Hanoitimes – Car sales in Vietnam in the January–October period dropped 18% year-on-year to 212,409 units across all segments. The number of cars sold in Vietnam in October increased by 22% month-on-month and 15% year-on-year to 33,254 units, which came on the back of strong growth of 32% inter-monthly in the sales volume in September, […]
Read MoreThe government has joined the other members of the Association of Southeast Asian Nations (ASEAN) in signing an agreement on relaxing non-tariff measures (NTM) for the trade of essential goods during the COVID-19 pandemic. Indonesia signed the memorandum of understanding (MoU) on Tuesday. The MoU will be valid for the next two years and cover trade […]
Read MoreVietnam needs to have a law on the supporting industry to aid its development, according to the chairman of the Vietnam Chamber of Commerce and Industry (VCCI). VCCI chairman Vu Tien Loc said new waves of foreign direct investment (FDI) to Vietnam will focus on the supporting industries. Therefore, if the domestic supporting industries are not […]
Read MoreThe Immigration Bureau (IB) is expediting the processing of travel documents of tourists aboard more than 10 foreign yachts stranded in international waters to allow them to enter Thailand. Pol Maj Gen Achayon Kraithong, the IB’s deputy commander, said more than 10 yachts off Thailand’s coast have asked the IB for permission to let tourists, […]
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