Banks have reported huge profits for Q2 and H1 due to high credit growth rates and lending interest rates, while capital mobilization cost has been low. SSI Research has released a report estimating the business results in Q2 of 33 listed companies. Most of the banks mentioned in the reports made high profits. The banks […]
Read MoreMANILA, Philippines (Update 1, July 13, 2021 9:23 a.m.) — The Philippines’ hard-earned credit rating that the Duterte administration tried to protect by limiting pandemic spending is now at risk of being downgraded, as the health crisis is seen leaving deep economic scars. Global debt watcher Fitch Ratings on Monday downgraded its outlook on the Philippines from “stable” […]
Read MoreFigures out this week are likely to provide more signs of slowing growth in Asian economies. China releases its second quarter gross domestic product (GDP) on Thursday. Moody’s Analytics is forecasting a slowdown to 6.5 percent growth, from a 13 percent jump in the first three months of the year. It forecasts 8 percent growth […]
Read MoreThe latest price adjustment marked the third consecutive price hiking since late May, resulting in a rise of VND2,190 per liter for E5- RON92, and VND2,250 for RON95. From 15.00 today [July 12], the retail price of biofuel E5 – RON92 rose by VND850 to around VND20,610 (US$0.9) per liter, and that of RON95 went […]
Read MoreThe baht opened at 32.67 to the US dollar on Tuesday, weakening from Monday’s closing rate of 32.65. The Thai currency is likely to move between 32.60 and 32.75 during the day, Krungthai Bank market strategist Poon Panichpibool said. Poon said that foreign investors had decided to sell their assets in Thailand due to uncertainty […]
Read MorePETALING JAYA: Uncertainties surrounding the duration of the first phase of the National Recovery Plan (NRP) are expected to weigh on Malaysia’s economic growth, especially in the third quarter of this year. While seven states have since moved on to the second phase of the NRP, which allows for an expanded list of activities, the […]
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