MANILA, Philippines — Loans disbursed by big banks contracted in December last year, ending more than a decade of credit growth in the country due to uncertainties brought about by the COVID-19 pandemic, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. BSP Governor Benjamin Diokno said preliminary data showed loans extended by universal and commercial […]
Read MoreThe real estate inventories of listed companies increased significantly in the fourth quarter of 2020 over a year ago because many projects were stagnant due to the impact of the COVID-19 pandemic, legal bottlenecks and limited financial capacity of the developers. The financial report of Dat Xanh Group (DXG) showed that the company earned revenue […]
Read MoreA total of 719 industrial factories went out of business last year, citing the economic impacts of the Covid-19 outbreak and causing 30,000 workers to lose their jobs, says the Department of Industrial Works. On the flipside, as many as 3,324 factories were either created or expanded last year, which created as many as 187,088 […]
Read MoreThe Bank of Thailand is poised to lower its 3.2% growth forecast for Thailand this year against the backdrop of increasing downside risks stemming from the persistent Covid-19 outbreak. Although the central bank’s Monetary Policy Committee (MPC) assesses that the impact of the recent outbreak on Thailand’s economy would be less severe than last year […]
Read MoreMANILA, Philippines — Loans extended to micro, small and medium enterprises (MSMEs) declined by 15.2 percent as of end-September last year despite regulatory relief measures extended by the Bangko Sentral ng Pilipinas (BSP) to banks to assist the sector in jumpstarting the economy amid the pandemic. Latest data released by the central bank showed loans […]
Read MoreLandowners in prime Sukhumvit areas are offering land prices 30% lower than previous years as condo developers delay purchases, according to property consultant CBRE Thailand. Kulwadee Sawangsri, executive director and head of capital markets for investment at CBRE, said the pandemic affected land transactions and prices last year. “The pandemic acted as an accelerant,” Mrs […]
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