MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) will likely keep interest rates at record lows this year as rising cases of COVID-19 infections continue to impede recovery from the recession, top economists said. ING Bank Manila senior economist Nicholas Mapa said the central bank’s Monetary Board would likely maintain the benchmark interest rate […]
Read MoreTris Rating maintains a negative outlook for the hotel industry in Thailand, with performance to remain under extreme pressure from the slow recovery of travel and tourism demand. As a result, hotels are likely to offer discounts and non-price promotions to draw customers, leading to intense competition, while also focusing on cost management to minimise […]
Read MoreGovernment Savings Bank (GSB) is aiming to lower the interest rate for car title loans to ease the burden on borrowers in this segment, says Vitai Ratanakorn, the bank’s president and chief executive. GSB recently made a foray into this business to help reduce the market interest rate for the loan segment. The bank acquired […]
Read MoreBeyond COVID-19, technology is helping the Kingdom to reconnect with the past, eradicate landmines and promote financial inclusion. COVID-19 has accelerated the deployment of new technologies, including mobile apps for registering for vaccination appointments and contact tracing. In Cambodia, technology is helping to educate people about history, eradicate landmines and promote financial inclusion. To ensure […]
Read MoreMANILA, Philippines — Manila Water Co. Inc. reported an eight percent decline in its net income in the first quarter to P1.3 billion, largely due to the lower contribution from its east zone concession. In a disclosure to the Philippine Stock Exchange, Manila Water said consolidated operating revenues fell by 12 percent to P4.85 billion […]
Read MoreSINGAPORE – Rents for condominium units and Housing Board flats both increased by 1.3 per cent in April from the previous month, although the number of leasings dipped. As at last month, condo rents have risen for four consecutive months, while HDB rents rose for 10 straight months, according to flash data from real estate portal SRX […]
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