MANILA, Philippines — Bank lending finally snapped eight consecutive months of contraction to return to positive territory in August, bringing good news to a government that is counting on banks to jumpstart the economy from a pandemic-induced crash. Excluding interbank lending, outstanding loans issued by big banks rose 1.3% year-on-year in August to P9.2 trillion, the […]
Read MoreAFP – From shoes and sweaters to car parts and coffee, Vietnam’s strict and lengthy Coronavirus lockdown has sparked product shortages among worldwide brands such as Nike and Gap which have grown increasingly dependent on the Southeast Asian nation’s manufacturers. The snarl-ups at Vietnam’s factories are part of a broader crisis around the planet that is […]
Read MoreThe Asian Development Bank (ADB) has approved an $82 million loan to improve about 48 kilometres of national and provincial roads in Prey Veng and Kandal provinces to boost economic development along the Greater Mekong Subregion (GMS) Southern Economic Corridor. According to an ADB’s press release AKP, the new assistance is the second phase of […]
Read MoreThe baht opened at 33.94 to the US dollar on Thursday, weakening from Wednesday’s closing rate of 33.86. The Thai currency is likely to move between 33.85 and 34.05 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the baht would not strengthen in the short term as there are risk factors, […]
Read MoreThailand’s manufacturing production index (MPI) in July rose 5.12% from a year earlier, lifted by higher production of autos, electronics and rubber, the Industry Ministry said on Monday, missing analyst forecasts. The reading compared with a forecast for an increase of 11.0% in a Reuters poll and June’s revised 18.27% rise. Source: https://www.bangkokpost.com/business/2173491/july-manufacturing-output-rises-5-1-y-y-below-forecast
Read MoreVietnam’s trade outlook for the remainder of the year is projected to have intertwined challenges and opportunities, with the country’s efforts to contain the pandemic the most important factor. Vietnam posted a trade deficit of US$1.3 billion in August, marking the fourth consecutive month the country has had an unfavorable trade balance, according to the […]
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