MANILA, Philippines — The series of rate hikes have started feeding through to the net interest margins (NIMs) of big banks in the Philippines, according to independent credit research provider CreditSights Inc. In a report, CreditSights said the rate increases delivered by the Bangko Sentral ng Pilipinas (BSP) boosted the net interest income of banks […]
Read MoreExperts call for the central bank to expand the credit growth target to 15-16% this year. Increased demand for credit in the economy, at a time when banks have their credit quota stretched to the limit, is putting pressure on companies struggling to raise new sources of capital. In recent months, the fact that the […]
Read MoreCambodia is eyeing a slice of the Indian tourists market that flocks to Thailand. Towards this end, the Indian and Cambodian governments have signed a memorandum of understanding to start direct flights between the two countries. At present, there are no direct air journeys from the sub-continent to Phnom Penh or Siem Reap and wannabe […]
Read MoreDespite signs of economic recovery in early 2022, Laos faces increased challenges from currency depreciation and high inflation, according to the World Bank’s latest economic update for the country. The Lao Economic Monitor for October 2022: Tackling Macroeconomic Vulnerabilities, released on Monday, identifies ambitious reforms that could help the country restore economic stability and sustain growth. The report […]
Read MoreThe economy enjoyed healthy expansion in the third quarter, officials said on Monday, with the return of international tourists helping to offset persistently high inflation. Southeast Asia’s second-largest economy was battered by the pandemic, but the kingdom’s reopening earlier this year saw the service sector record an 87% year-on-year increase, official data showed. The National […]
Read MoreSINGAPORE – Malaysia’s stocks and the ringgit remained under pressure on Monday after the King’s decision to grant rival party leaders a one-day extension to form the next government amid uncertainty over how the ongoing horse-trading will pan out. After diving sharply at the opening bell on Monday morning – following a general election that delivered the […]
Read More
Thailand
