cam01
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NPLs rise to 4.5% of Cambodia’s GDP

Restructured loans of private borrowers in Cambodia have gone up to 13 percent of GDP as of June 2022 and non-performing loans (NPLs) have risen to nearly 4.5 percent of the Gross Domestic Product (GDP), according to the IMF Mission that completed its mandatory Article IV Consultation in the Kingdom recently. The total outstanding private […]

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ADB maintains 6.5% GDP projection for Vietnam this year

The Asian Development Bank, in its flagship economic update released on September 21 in Hanoi, has maintained its favourable economic outlook for Vietnam, with the country’s GDP projected to expand 6.5% this year and 6.7% next year. According to Andrew Jeffries, ADB country director for Vietnam, the Vietnamese economy recovered faster than expected in the […]

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Thailand: Weak baht takes centre stage

The Finance Ministry will hold talks with the Bank of Thailand to discuss and delve into the factors behind the weakening baht, said Finance Minister Arkhom Termpittayapaisith. He said the depreciating currency has added to inflationary pressures thus necessitating an examination into whether the declining value of the baht is linked to the country’s economic fundamentals or […]

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Malaysia says 2023 economic growth to be lower than 2022

MALAYSIA’S economy will grow at a slower pace in 2023 compared to this year, Finance Minister Tengku Zafrul Aziz said in a statement on Wednesday (Sep 21). Zafrul cited slowing global growth, rising commodity and food prices, US-China tensions and China’s strict Covid-19 containment measures that were affecting supply chains. Malaysia had earlier forecast its […]

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