MANILA, Philippines — The Philippines is facing downgrade pressure due to the scarring caused by the pandemic, the expected slower economic growth in China and the impact of the Russia-Ukraine war, according to Fitch Ratings. In a report, the debt watcher said further COVID outbreaks in China could affect other countries’ credit profiles in the […]
Read MoreCambodia’s banking industry enjoyed robust growth in both loans and deposits in the first half of 2022, according to the latest report of the National Bank of Cambodia (NBC) on Saturday. Outstanding loans rose by 23.4 percent year-on-year to $51.5 billion by June this year, while customers’ deposits increased by 16 percent to $42 billion, […]
Read MoreThe vehicle rental business recovered in the first half of this year as private companies and government units opted to hire vehicles, instead of making purchases or using hire purchase, to reduce their costs. According to Deputy Commerce Minister Sinit Lertkrai, flourishing delivery services have also stimulated the growth of the vehicle rental business, as […]
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Thailand
