MANILA, Philippines — The exposure of Philippine banks and trust entities to the volatile property segment further increased to 22.1 percent last year from 21.55 percent in 2020, while the industry’s non-performing loan (NPL) ratio to the sector almost hit five percent. Data from the Bangko Sentral ng Pilipinas (BSP) showed the real estate exposure […]
Read More[JAKARTA] The International Monetary Fund (IMF) has trimmed its economic growth forecast for Indonesia in 2022 to 5.4 per cent, down from 5.6 per cent previously, it said in a statement on Wednesday. The IMF kept Indonesia’s 2023 growth forecast at 6 per cent in its so-called Article IV assessment and described South-east Asia’s biggest […]
Read MoreCONSUMER prices were up 4.3 per cent year on year in February, faster than the 4 per cent increase the month before, on higher transport costs. The all-items consumer price index (CPI) reading is at its highest in 9 years, and beat the median forecast of 4.2 per cent in a Bloomberg poll. But core […]
Read MoreThe Commerce Ministry pledges to address feed meal prices, which are surging because of the Russia-Ukraine conflict. According to Commerce Minister Jurin Laksanawisit, the ministry is scheduled to call a joint meeting today with four related parties comprising responsible government agencies, farmers, feed meal producers and livestock raisers to find solutions to tackle higher production […]
Read MoreMany hotels have not reopened to welcome guests, though Vietnam reopened the market to foreign investors on March 15. Located on Tran Phu street, the ‘backbone’ route in Nha Trang City of Khanh Hoa province, a 5-star hotel has been quiet for many months. The hotel had always been fully occupied with most of the […]
Read MoreMANILA, Philippines — Global metals and mining prices are expected to increase largely due to higher post-pandemic demand, tight markets, and short-term supply disruptions, particularly due to the Russia-Ukraine conflict, according to Fitch Rating. In its latest commentary, Fitch Ratings raised its price assumptions for metals and mining commodities for 2022 until 2025. While most […]
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Thailand
