MANILA, Philippines (UPDATE 1 11:50 a.m., May 11) — The Philippines stayed in recession in the first quarter as expected, making official intuitions that once Southeast Asia’s fastest growing economy would crawl back to prosperity in the face of soaring prices, more infectious coronavirus variants and sluggish vaccinations. Gross domestic product (GDP) shrank 4.2% year-on-year from January to […]
Read MoreKUALA LUMPUR: A blanket loan moratorium may not be the best solution for borrowers following the re-imposition of the Movement Control Order (MCO) nationwide; instead they should approach banks to help them meet their debt obligations, Bank Negara Malaysia (BNM) said. Governor Datuk Nor Shamsiah Mohd Yunus said all banks already have their payment assistance […]
Read MoreThere has been a positive shift in Vietnam’s rice export structure towards a focus on fragrant rice products with higher quality and price, stated the country’s food association. Vietnam is set to remain the world’s second largest rice exporter in 2021 with 6.4 million tons, an increase of 233,000 tons compared to last year. The […]
Read MoreMANILA, Philippines — Philippine banks reported a three percent decline in net income to P53.98 billion in the first quarter from P55.68 billion in the same period last year as the value of bad debts written off by the banking industry tripled during the review period, according to the Bangko Sentral ng Pilipinas (BSP). Preliminary […]
Read MoreHDB upgraders were likely drivers of condominium resale transactions in April, property analysts noted after resale volumes hit an 11-year high according to flash figures from real estate portal SRX Property. There were 1,993 units resold in April 2021 – the highest monthly volume seen since April 2010. There was a 7.9 per cent increase […]
Read MoreThe value of investment projects submitted under the Board of Investment (BoI) tax incentive programmes skyrocketed by 80% year-on-year to 123.36 billion baht in the first quarter, driven mainly by the pandemic and subsequent measures to curb the spread of the virus, including a work-from-home guideline. From January to March, the BoI saw the number […]
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Thailand
