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Reform essential to restore economic stability in Laos

Laos faces increased challenges from currency depreciation and high inflation despite signs of economic recovery in early 2022, according to the World Bank’s latest economic update for the country. The “Lao Economic Monitor for October 2022: Tackling Macroeconomic Vulnerabilities”, released on Monday, identifies ambitious reforms that can help the country restore economic stability and sustain […]

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Philippines: BSP seen raising rates until next year

MANILA, Philippines — The tightening cycle of the Bangko Sentral ng Pilipinas (BSP) may extend up to next year as inflation remained above the government’s two to four percent target, according to Fitch Solutions Country Risk & Industry Research. In a report, Fitch Solutions said the BSP was likely to increase its key policy rates […]

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Thailand: Banks report dip in NPL ratios

Banks posted lower non-performing loan (NPL) ratios in the third quarter this year thanks to the economic recovery and appropriate risk management under their debt relief programmes. The commercial banking sector reported an NPL ratio of 2.77%, representing a total of 503 billion baht in the third quarter, down from 2.88% and 530 billion, respectively, in […]

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