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Thailand: Krungthai forecasts GDP gain of 2.5%

Thailand’s GDP growth is forecast at 2.5% this year, assuming the government maintains stringent measures to contain new Covid-19 infections until February, says Krungthai Compass. The research house under Krungthai Bank estimates the domestic economic growth outlook under two scenarios based on the coronavirus outbreak impact. The government’s stringent measures to contain the contagion, especially […]

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Vietnam GDP to grow by 8 per cent: Oxford Economics

HCM CITY — Southeast Asia’s economic growth will rebound to 6.2 per cent in 2021 with Vietnam achieving 8 per cent growth, according to the latest economic outlook report from Oxford Economics commissioned by chartered accountancy body ICAEW. GDP across the region contract by 4.1 per cent in 2020, with countries that had been successful in controlling the pandemic like Việt Nam and Singapore leading the recovery. […]

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BSP sees no emerging risks in Philippine banking system

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) yesterday assured the public that the Philippine banking system remains sound and well-capitalized, with no emerging risks seen to pose problems in the industry going forward. BSP Governor Benjamin Diokno said the central bank remains proactive in monitoring the health of the financial system to determine […]

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