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Philippines: Swelling debt to slow economic momentum

MANILA, Philippines — The Freedom from Debt Coalition (FDC) said the country’s record-high P11-trillion debt would make it difficult to revert the economy’s momentum to its pre-pandemic levels. In a forum hosted by the non-profit Freedom from Debt Coalition (FDC), former senator Wigberto Tañada said servicing the huge debt pile may restrict the next administration’s […]

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Singapore: As new dine-in ban looms, eateries, retailers reiterate call for help with rents and wages

FOOD and beverage (F&B) and other services businesses appear desperate for help, as Singapore headed into its third dine-in ban since the Covid-19 pandemic began. Representatives from the industry reiterated calls for deeper support on Wednesday, as stricter curbs take their toll on eateries and retailers – including many small businesses. Rents, wage costs and […]

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Bank of Thailand weighs up consumer loans rate cut

The Bank of Thailand (BoT) is debating a reduction in interest rates for some consumer loans amid fears that lenders will reject high-risk borrowers and drive them towards loan sharks, an assistant governor said Wednesday. Last month, Prime Minister Prayut Chan-o-cha asked the Bank of Thailand to review the ceiling of interest rates for credit […]

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