Thai banks’ non-performing loans stood at 2.77% of total lending at the end of September, down from 2.88% at the end of June, helped by debt restructuring and banks’ loan management, the central bank said on Monday. The banking system remained resilient with high levels of capital, loan-loss provisions, and liquidity, the Bank of Thailand said […]
Read MoreINDONESIA’S annual economic growth may slow to 4.37 per cent next year partly due to the impact of domestic monetary tightening, the country’s central bank (BI) governor told a parliamentary hearing on Monday (Nov 21). In last week’s policy meeting, BI maintained 2022 GDP growth forecast biased towards the upper end of 4.5 per cent […]
Read MoreThe Cambodian-Vietnamese commodity trade topped $5 billion in the first 10 months of 2022, surging by over one-fifth on-year, with a sobering $1.7 billion deficit in favour of Vietnam, according to Customs, an import-export gap expected to narrow in the coming months as local harvest seasons progress. In the January-October period, the two-way commodity trade […]
Read MoreVietnam has a large mechanical engineering market worth tens of billions of dollars a year. However, local enterprises still lack orders. Chair of VAMI (Viet Nam Association of Mechanical Industry) Dao Phan Long said many large wind power projects exist on paper. These would create a large market of equipment for wind power plants in […]
Read MoreMANILA, Philippines — Private sector economists further raised their inflation forecasts, with the rate expected to stay above the two to four percent target range of the Bangko Sentral ng Pilipinas (BSP) until next year as price pressures have become broad-based. Dennis Lapid, officer-in-charge of the Department of Economic Research at the BSP, said the […]
Read MoreSINGAPORE’S non-oil domestic exports (NODX) contracted by a shock 5.6 per cent year on year in October from a high year-ago base, with both electronic and non-electronic exports falling. This is the first decline since November 2020. October’s fall was significantly larger than the 1.7 per cent decline forecast by economists in a Bloomberg poll, […]
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