MANILA, Philippines — Philippine banks remain at risk amid the prolonged weakness of the property sector despite the recovery in prices in the fourth quarter of last year, according to Fitch Ratings. In a report, the debt watcher said the Philippines’ property market would remain weak amid the impact of the pandemic. “We expect the […]
Read MoreThe biggest challenge for Vietnam’s economy in 2021 is whether the country could deal with another resurgence of Covid-19 outbreak. As domestic production and services sectors continue to struggle with Covid-19 impacts, external trade with the foreign-invested sectors playing a leading role will serve as the driving force for Vietnam’s economic growth this year. This […]
Read MoreMANILA, Philippines — Inflation is likely to hit as much as 5% this month even as signs are emerging that tight meat supplies responsible for the price uptick in recent months are abating, the central bank said on Wednesday. The official projection is pegged between 4.2% and 5% inflation for March, this time driven by […]
Read MoreMANILA, Philippines — The Philippines slid by a notch in a global ranking of gender equality after headways to bring more Filipinas to the labor force got stunted while the pandemic wiped out gains in closing gender gaps around the world. Out of 156 countries, the Philippines inched down to the 17th spot in this […]
Read MoreThe manufacturing production index (MPI) for February was down 1.08% from a year earlier, weighed down by lower oil production, the industry ministry said on Wednesday. The reading compared with a forecast for a rise of 0.1% in a Reuters poll and January’s revised 2.0% fall. Output in March is expected to rise due to […]
Read MoreSINGAPORE’S bank lending rose for the fourth straight month in February on continued growth in housing and construction loans, data from the Monetary Authority of Singapore (MAS) showed on Wednesday. Loans through the domestic banking unit – which captures lending in all currencies, but reflects mainly Singapore-dollar lending – were up 0.5 per cent to […]
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Thailand
