Although their business performance has remained impressive, bank stock prices have plummeted on the stock market. The stock market has turned bearish and the banking system has been struggling with unfavorable market conditions. Impressive profit growth The Q3 earnings season is almost over, with banks being among the sectors whose business results have remained positive. […]
Read MoreIt really is more fun in the Philippines. We complain a lot about our politicians, but we keep voting for them. Then things start falling apart, but not to worry… our leaders say we are resilient and we are survivors. Lately, we have started to notice that it is also getting to be more expensive […]
Read MoreThe cabinet on Tuesday agreed to a fifth extension of the excise tax cut on standard diesel, until Jan 20. Finance Minister Arkhom Termpittayapaisith said the weekly cabinet meeting approved continuing the excise tax cut of five baht per litre for two months from Nov 21. The tax reduction will mean another 20 billion baht […]
Read MoreMANILA, Philippines — Money sent home by Filipinos overseas inched up in September as they rushed to support their families weathering the impact of expensive consumer prices. Remittances coursed through banks inched up 3.8% year-on-year to $2.84 billion in September, the Bangko Sentral ng Pilipinas reported Tuesday. This, however, was slower than 4.3% recorded in […]
Read MoreBENGALURU (Reuters) – Bank Indonesia will deliver a third consecutive 50 basis point interest rate rise on Thursday, according to a strong majority of economists polled by Reuters, although some expected a smaller quarter-point move given the relatively strong currency. Despite easing slightly in October to 5.71%, inflation has stayed above the central bank’s target […]
Read MorePETALING JAYA: Economists expect the gross domestic product (GDP) growth momentum to ease from the fourth quarter of this year (4Q22) after posting a robust growth of 14.2% in the 3Q22. Having said that, they pointed out that the economic strength going forward would be buoyed by domestic demand. The GDP has beaten Bloomberg’s median […]
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Thailand
