MANILA, Philippines — Moody’s Investors Service has raised the outlook of Philippine banks to stable from negative on expectations of a mild recovery from the pandemic-induced recession. In a report, Moody’s said the recovery from the record 9.6 percent gross domestic product (GDP) contraction last year would support the operating environment for banks. “Operating environment […]
Read MoreJAKARTA: Indonesia’s trade surplus is expected to narrow in March, as imports rose before the Muslim fasting month, even as exports continued to benefit from higher commodity prices, a Reuters poll showed on Tuesday. The median forecast of 14 economists in the poll was for Southeast Asia’s biggest economy to record a $1.64 billion trade […]
Read MoreMONTHLY condo resale volumes hit a 10-year high, with 1,662 units resold in March. This is more than double the number in the same period last year, and is 75.3 per cent higher than the five-year average volumes for the month of March. The month also saw a 0.1 per cent increase in prices, extending […]
Read MoreDemand for credit may increase sharply since the second quarter, especially in fields of industrial production, exports, trade and tourism, said a senior official of the central bank. In case the Covid-19 pandemic is contained and the rollout of vaccination programs remains effective, Vietnam’s credit growth may hit 14% year-on-year for 2021, exceeding the original […]
Read MoreJakarta may have a warranted reputation as one of the world’s most affordable cities for common muggles like ourselves, and the same applies for the rich, according to a study on the prices of luxury goods in several major cities. In Swiss private banking group Julius Bär’s Global Lifestyle Report 2021, Jakarta placed 20th in […]
Read MoreSINGAPORE (Reuters) – Southeast Asia’s biggest ride-hailing and food delivery firm, Grab Holdings, agreed a merger on Tuesday with special-purpose acquisition company Altimeter Growth Corp securing a valuation of nearly US$40 billion and paving the way for a coveted U.S. listing. The merger, the biggest blank-check company deal ever, underscores the frenzy on Wall Street […]
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Thailand
