MANILA, Philippines — Credit growth continued to pick up further to hit its fastest pace in almost four years in October amid the country’s stronger-than-expected economic expansion, according to the Bangko Sentral ng Pilipinas. BSP Governor Felipe Medalla said that loans disbursed by universal and commercial banks grew by 13.9 percent in October, faster than […]
Read MoreLONDON, United Kingdom — New York and Singapore are jointly the world’s most expensive cities after inflation soared this year, an annual survey showed Thursday. The pair displaced last year’s number one Tel Aviv, which fell to third place this time round in the Worldwide Cost of Living index from London-based Economist Intelligence Unit (EIU). […]
Read MoreEntrepreneurs have flocked to invest in the frozen food segment, with new business registrations rising by 84% in the first nine months, driven by rising domestic and export demand. According to Deputy Commerce Minister Sinit Lertkrai, new frozen food business registrations between January and October tallied 92, up from 42 in the same period last year, […]
Read MoreThe Bank of Thailand will not extend the easing of loan-to-value (LTV) measures for mortgage loans as the economy is showing clearer signs of recovery. The central bank decided against further extending the easing of LTV measures launched in October 2021 and set to expire in December 2022, said the Bank of Thailand’s assistant governor Chayawadee Chai-Anant. […]
Read MoreJAKARTA : Indonesia’s inflation rate eased in October but remained above the central bank’s target range for five straight months, statistics bureau data showed on Tuesday, against market expectations for a slight acceleration. The headline annual inflation rate cooled to 5.71 per cent in October, compared with 5.95 per cent in September and 5.99 per […]
Read MoreSINGAPORE: Citigroup said on Tuesday it had completed the sale of its Thailand and Malaysia retail banking businesses to Singapore’s United Overseas Bank (UOB) in a transaction expected to result in a regulatory capital benefit of copy billion. UOB said in a separate statement that it expects to complete the acquisition of Citigroup’s consumer banking businesses […]
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