MANILA, Philippines — Ayala-led Bank of the Philippine Islands saw its earnings grow by over a fifth in the second quarter, after the lender funneled less resources on buffers against bad loans from pandemic-hit borrowers. The 169-year-old bank posted a net income of P6.8 billion in the April-June period, up 28.8% year-on-year, the company told […]
Read MoreIndustry Minister Suriya Jungrungreangkit expects Thailand to become a leading country with robotic and automation technology by 2026, following investments in robot-based production systems. The country is emphasising robotics, automation and system integration (SI) development in a move to eventually produce technologies of its own. “Thailand is currently in a middle-term development plan from 2018 […]
Read MoreCambodia’s fiscal revenue in the first semester this year dropped, largely because of Covid, officials said. Data from the General Department of Taxation (GDT) showed the body collected $1.516 billion in tax between January and June, a 10.6 percent decrease compared with the same period last year. In June alone, tax revenue was $168 million, […]
Read MoreMore generous economic relief and a clear alternative plan after a missed vaccination procurement target is required, according to 40 CEOs who met Prime Minister Prayut Chan-o-cha remotely to discuss a solution to the pandemic crisis on Wednesday. Thai Chamber of Commerce (TCC) chairman Sanan Angubolkul said the business sector was concerned about the pandemic […]
Read MoreThere is a food supply shortage in HCM City, despite the high production capacity in the Mekong Delta. Le Thanh Hoa from Ministry of Agriculture and Rural Development (MARD) said at an online conference with southern provinces that food output is plentiful. The vegetable growing area in southern provinces has reached 537,000 hectares, while yield […]
Read MoreMANILA, Philippines — Universal and commercial banks expect bad loans to increase in the next two years as consumer loans remain vulnerable and prone to weakening due to the COVID-19 pandemic, according to the Bangko Sentral ng Pilipinas (BSP). A majority of the respondents of the BSP’s First Semester 2021 Banking Sector Outlook Survey (BSOS) said […]
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