MANILA, Philippines — Bank lending in the Philippines is expected to recover with a growth of eight percent by the end of the year, according to Fitch Solutions Country Risk & Industry Research. Loan growth has been on the downtrend over the past three months as the banking industry remained risk averse and demand from […]
Read MoreVietnam’s manufacturing sector gained growth pace at the end of the first quarter, with marked increases in output, new orders and exports, leading to stronger rises in employment and purchasing activity, according to a report by tIHS Markit. In the report on Vietnam Manufacturing Purchasing Managers’ Index (PMI) in March revealed on April 1, IHS […]
Read MoreThe government has no plan to hike the value-added tax (VAT) in order to achieve the gross domestic product growth target this year of 4 per cent, a senior official said. Anucha Buraphachaisri, spokesman for the Prime Minister’s Office, said that Thailand had set the VAT rate at 10 per cent under the Revenue Code […]
Read MoreWHILE looking forward to a better operating environment, banks are prepared for the pace of recovery to be uncertain and uneven. Amid the new normal, they will remain vigilant and agile in balancing growth with risks. Many customers have been significantly hurt by the pandemic and will remain in need of financing support from banks. […]
Read MoreMANILA, Philippines — Inflation likely accelerated further in March after quickening to a fresh two-year high of 4.7 percent in February, top bank economists said. Union Bank chief economist Ruben Carlo Asuncion said inflation likely hit five percent in March and may peak in May before declining for the rest of the year. He said […]
Read MoreThe price of gold rose by Bt100 per baht weight in morning trade on Friday, the Gold Traders Association reported. As of 9.25am, the buying price of a gold bar was Bt25,450 per baht weight and selling price Bt25,550, while gold ornaments were priced at Bt24,998.84 and Bt26,050, respectively. At close on Thursday, the buying […]
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Thailand
