Exposure to weak property market could diminish banks’ buffers Debt watcher Fitch Ratings has warned the Philippine banking sector of heightened impairment risks from the property sector. “Protracted economic weakness could expose the banks to lumpy impairments and diminish their loss-absorption buffers – given their high large-borrower concentration and the strong correlation of the property […]
Read MoreThe Ministry of Finance is studying the legal framework for managing cryptocurrencies on stock exchanges which would pave the way for legal cryptocurrency transactions in Vietnam. The ministry said on Tuesday a research group in charge of studying virtual assets and currencies had been set up and started to study and develop the legal framework for the […]
Read MoreDespite the Covid-19 crisis, Bamboo Airways and Vietnam Airlines have announced plans to fly non-stop to the US by the end of this year. The UK Airports Commission has granted slots at Heathrow Airport in London to Vietnam’s Bamboo Airways, commencing in May. A representative of the private air carrier has confirmed the news, saying […]
Read MoreThe manufacturing Purchasing Managers’ Index (PMI) released by IHS Markit jumped to 53.2 in March from 50.9 in February, marking the strongest reading since the survey began in April 2011. Therefore, the index moved further above the 50-threshold, signifying improving operating conditions. March’s increase came on the back of stronger increases in both output and […]
Read MoreSINGAPORE (REUTERS) – Singapore’s central bank is expected to leave monetary policy on hold at its April review, economists said, as the trade and finance hub’s economic growth remains susceptible to risks from the Covid-19 pandemic that is still raging globally. All 15 economists in a Reuters poll expect the Monetary Authority of Singapore (MAS) to keep […]
Read MoreThe credit card club of the Thai Bankers’ Association has proposed the central bank maintain a minimum debt payment measure for credit cards to help alleviate the financial burden on consumers during the country’s uneven economic recovery. Atis Ruchirawat, managing director of General Card Services Ltd, which runs Central The 1 Credit Card, and chairman […]
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