The Bank of Thailand (BoT) on Tuesday it expected no surge in bad loans despite a hike in the benchmark interest rate and urged banks to gradually adjust their rates to help vulnerable groups. Banks’ non-performing loans (NPLs) should gradually rise, helped by debt support measures, Suwannee Jatsadasak, senior director at the BoT, told a news […]
Read MoreMANILA, Philippines — Fraudulent credit card activities via remote and other digital payment channels jumped by 21 percent in the Philippines since the start of th pandemic, according to the Credit Card Association of the Philippines (CCAP). This prompted the group, comprised of country’s 18 major credit card players, to further strengthen its advocacy toward […]
Read MoreVietnam imported over 79,700 tons of meat and meat products worth US$250.9 million from India in the first half of 2022, making the latter the former’s largest meat supplier, according to the Import-Export Department. Statistics from the department indicated that between January and June, Vietnam’s import of meat products from India rose by 20.9% in […]
Read MoreDespite a weaker-than-expected second quarter, the economy is expected to continue growing in the second half of the year as tourism picks up, the Bank of Thailand (BoT) said on Tuesday, suggesting gradual policy tightening may continue. Second-quarter growth missed the central bank forecast due to lower-than-expected private investment and inventories, but other elements overall were better […]
Read MoreINFLATION in Singapore is expected to peak in the next 2 to 4 months and will start to ease thereafter, said Deputy Prime Minister and Finance Minister Lawrence Wong. He added that the extent of this easing towards the year-end and where the new inflation rates will stabilise at are big uncertainties. Inflation rates in […]
Read MoreIndonesia’s new vehicle market surged by over 29% to 86,256 units in July 2022 from 66,639 units a year earlier, according to member wholesale data compiled by industry association Gaikindo. The vehicle market last month continued to rebound from the 10% decline in May, when activity was held back by the annual Eid holidays, and […]
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