The Bank of Thailand has eased the conditions of the Debt Clinic’s unsecured loan restructuring programme to let more borrowers apply for debt solutions, with additional restructuring options. The new conditions became effective on Sept 8. According to the central bank’s announcement, it is allowing borrowers who were classified as non-performing loan (NPL) clients of financial […]
Read MoreMORE business leaders believe that the Philippine economy still needs over two years to recover from the impact of Covid-19, a new PwC Philippines and Management Association of the Philippines (MAP) of chief executive officers (CEOs) survey revealed. The PwC MAP 2022 Philippine CEO survey that follows the conference theme “The Wins of Change: Thriving in a World of In-Betweens” […]
Read MoreCambodia went down one rank in the latest Nikkei Global Covid-19 Recovery Index for the second time in a row but positioned itself in third place behind Rwanda and Vietnam. Cambodia was ranked first in the index last June, following a wide range of measures adopted by the country to check Covid-19, including the massive […]
Read MoreThe State Bank of Vietnam (SBV) has said it has adjusted the credit growth rate limits of some commercial banks in 2022. As usual, the adjustments were not made public. Why is there a credit growth limit? The granting of credit limits to credit institutions is implemented based on a number of technical criteria stipulated […]
Read MoreKUALA LUMPUR: Interest rates in Malaysia or the overnight policy rate (OPR) will be increased at a gradual pace as there are “side effects” to hiking them too aggressively, says Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz (pic). “Our economy was growing strongly in the first half of the year at 6.9% and so […]
Read MoreThe impact of flooding in 21 provinces nationwide is expected to slow tourism activities in the third quarter and corporate travel in particular, while pent-up demand from delayed trips might cause congestion in the final quarter. Tourism Authority of Thailand (TAT) governor Yuthasak Supasorn said the third quarter was normally the peak time for corporate trips […]
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