Bank loan interest rates are becoming a heavy burden on businesses, which have been hit hard by Covid-19 for more than a year. State Bank of Vietnam Deputy Governor Dao Minh Tu at a recent conference asked four state-owned banks and 12 joint stock banks to continue easing lending interest rates for existing loans in […]
Read MoreMANILA, Philippines — Fintech companies are poised to overtake banks in capturing unbanked Filipinos, likely leading to missed opportunities for conventional lenders to attract new customers and create fresh sources of revenue. About 70% of adults in the Philippines lack access to banking and financial services, with Fintech firms like Globe Telecom Inc.’s GCash and […]
Read MoreThe baht opened at 32.63 to the US dollar on Thursday, weakening from Wednesday’s closing rate of 32.60. The Thai currency is likely to move between 32.60 and 32.70 during the day, Krungthai Bank market strategist Poon Panichpibool said Just like yesterday, he said, foreign investors decided to sell their Thai assets due to uncertainty […]
Read MoreThe Bank of Thailand (BoT)’s view is that the government’s latest lockdown measures will lead to higher downside risks for the Thai economy amid the spread of the Delta variant of Covid-19, which is fuelling the latest wave of infections. The government’s new round of tighter lockdown measures and travel curbs reflect a higher downside […]
Read MoreMANILA, Philippines — Remittances from overseas Filipino workers (OFWs) recorded a double-digit growth for the second straight month in May as deployment continued to accelerate amid the easing of travel restrictions as host countries ramp up COVID-19 vaccination, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said yesterday. Diokno said personal remittances grew by 13.3 […]
Read MoreThe Hanoi Construction Department has sent a dispatch to the Ministry of Construction (MOC), asking for guidance on procedures that parties have to follow to transfer a part of the Ciputra urban area project. In reply, MOC said that, regarding transfer of whole or part of a real estate project, before the 2020 Investment Law […]
Read More
Thailand
