The country’s household bad debt is expected to reach 1 trillion baht this year, putting the ratio to total loans outstanding into double digits as debt-servicing ability erodes amid coronavirus-induced income shocks, says the head of the National Credit Bureau (NCB). Non-performing loans (NPLs) are surging in the second quarter, in line with projections that […]
Read MoreMANILA, Philippines — Dutch financial giant ING sees the peso breaching the 52 to $1 level this year with the 6.9 percent drop in remittances from overseas Filipino workers (OFWs) due to the coronavirus disease 2019 or COVID-19 pandemic. Nicholas Mapa, senior economist at ING Bank Manila, said in the bank’s latest global markets research […]
Read MoreSINGAPORE – Some 20 to 30 per cent of mom-and-pop shops may go belly up in four to six weeks if they have to continue to stay shuttered. President of the Federation of Merchants’ Associations, Singapore (FMAS) Yeo Hiang Meng has called for the Government to allow these heartland enterprises to resume business in two weeks, among […]
Read MoreBangkok Bank has acquired an 89.12 percent stake in privately owned Bank Permata from diversified conglomerate PT Astra International and British lender Standard Chartered Bank (SCB). The Thailand-based bank completed on Wednesday the transaction for Rp 33.66 trillion (US$2.3 billion), equal to 1.63 times Bank Permata’s book value, as agreed by the sellers and buyers […]
Read MoreThe Hanoitimes – Not only M&A is an effective investment channel, foreign investors’ decision to shift from new investment to M&A shows the development of the domestic economy, said an expert. Mergers and acquisitions (M&A) activities are positive trends that Vietnam should embrace, especially as Vietnam is looking to attract investment capital shifted from China or […]
Read MoreA key trade group sees a potentially healthier export picture after shipments rose for a second straight month in April, driven by farm products and gold. Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers’ Council, said the April surprise signals that full-year exports could shrink by less than the TNSC’s current forecast. She cited Thailand’s […]
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