THE Bangko Sentral ng Pilipinas (BSP) on Monday reiterated the stability of the Philippine banking system following the collapse of two US banks. Local banks are “strong and prepared to withstand possible shocks” and also have asset bases significantly different from those of US banks, the BSP said in notes sent to President Ferdinand Marcos […]
Read MoreThe arrival of tourists through waterways in Cambodia is on the rise this year. So far, four large cruise ships have arrived this year, but many more are scheduled to make port calls on in the coming months. The latest to arrive at the Sihanoukville Autonomous Port has been the MV Seabourn Encore of the […]
Read MoreKUALA LUMPUR: Vehicle sales in Malaysia jumped 39 per cent to 62,649 units in February this year against 45,062 units during the same month last year due to delivery of backlog orders, according to the Malaysian Automotive Association (MAA). In a statement today, the association said the total industry volume for February 2023 was 27 […]
Read MoreASIAN currencies began the week on a mixed note on Monday after a rescue plan for Credit Suisse materialised over the weekend, while simmering concerns over the health of the global financial system dampened sentiment. The Malaysian ringgit and Philippine peso appreciated 0.1% each, while the Indonesian rupiah and Singapore dollar weakened 0.2% and 0.1%, […]
Read MoreMANILA, Philippines — Interest rate hikes, injected by the Bangko Sentral ng Pilipinas to tame inflation, boosted Philippine National Bank’s earnings in 2022. In a disclosure sent to the Philippine Stock Exchange on Monday, PNB noted its net income rose 19% year-on-year to P11.6 billion in 2022. Net interest income inched up 7% on-year to […]
Read MoreKUALA LUMPUR: Foreign investors remained net purchasers of Malaysian Government Securities (MGS) and Government Investment Issues (GII) for the fourth straight month in February, generating an inflow of RM5 billion, almost double the RM2.7 billion in January. RAM Rating Services Bhd said the overall fund inflow surged to RM4.3 billion in February compared with RM498.3 […]
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