Building materials makers are facing multiple hardships due to surging input costs, slow consumption, and high inventory. Fiin Trade’s recent statistics show that in the third quarter (Q3) this year, steel firms which once contributed a big share in total post-tax profit volume of the group of non-financial businesses in Q3 last year, had counted […]
Read MoreMANILA, Philippines — Local insurers are no longer optimistic on the possible extension of the final tranche of increase in capital requirement by yearend, but the industry maintained it would continue to push for its review. During the briefing for the Coop Climate Summit 2022 yesterday, the Philippine Insurers and Reinsurers Association (PIRA) said the […]
Read MoreThe relationship between population and housing is two-sided. Population growth leads to rising demand for housing in Vietnam. According to the Ministry of Construction, the proportion of the urban population is at more than 40 percent and tends to increase to about 45 percent by 2030; therefore, the country must add about 70 million square […]
Read MoreGlobal crude oil prices are expected to keep decreasing to US$85-95 a barrel next year when the world economy slows down, according to analysts of national oil and gas conglomerate PTT Plc. The price range, which is based on the Dubai reference price, remains high compared with an average price of $99 this year and […]
Read MoreSINGAPORE – Singapore may avoid a full-year recession in 2023, but the export-driven economy is set for a bumpy ride, analysts say. With the economy’s most reliable engine – non-oil domestic exports (NODX) – sputtering to a halt, the domestic services sector fuelled by private consumption is expected to become the main driver of growth. […]
Read MoreBad debts always come hand in hand with business activities of all commercial banks. The rise in bad debts in the post-pandemic period is still not under control but has now been offset by recent adverse market movements. It seems that the pressure on banks to handle bad debts will become heavier when the loans […]
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Thailand
