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Philippines: Credit growth hits near 4-year high in October

MANILA, Philippines — Credit growth continued to pick up further to hit its fastest pace in almost four years in October amid the country’s stronger-than-expected economic expansion, according to the Bangko Sentral ng Pilipinas. BSP Governor Felipe Medalla said that loans disbursed by universal and commercial banks grew by 13.9 percent in October, faster than […]

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Thailand: Frozen product business registrations surge 84%

Entrepreneurs have flocked to invest in the frozen food segment, with new business registrations rising by 84% in the first nine months, driven by rising domestic and export demand. According to Deputy Commerce Minister Sinit Lertkrai, new frozen food business registrations between January and October tallied 92, up from 42 in the same period last year, […]

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