MANILA, Philippines — Banks expect a double-digit growth in earnings in the next two years due to higher net interest margins brought about by the aggressive rate hikes delivered by the Bangko Sentral ng Pilipinas (BSP). Based on the First Semester 2022 Banking Sector Outlook Survey (BSOS), the BSP said 77.9 percent of the respondents […]
Read MoreThe State Bank of Việt Nam (SBV) announced it will reduce several policy interest rates from Monday, the regulator announced on its website Friday night. HÀ NỘI – The State Bank of Việt Nam (SBV) announced it would reduce several policy interest rates from Monday, the regulator announced on its website Friday night. “In order […]
Read MoreThailand’s economy is estimated to expand by 3.6% this year, up from 2.6% last year, supported by stronger private consumption, a recovery in the tourism sector and pent-up demand following China’s reopening, according to the World Bank. The 2023 outlook was unchanged from its forecast in December. The World Bank projects Thai economic growth of 3.7% […]
Read MoreThe Cambodian government on Friday approved a new draft taxation law which is said to contribute to promoting and enhancing the Cambodian business sector, increase the favorable investment environment, and strengthen fiscal compliance. The approval was made at a weekly cabinet meeting, chaired by Prime Minister Hun Sen, according to a press release. The new […]
Read MoreMANILA, Philippines — Companies have put on hold plans to expand their operations and hire workers in the second quarter of the year due to insufficient demand and high interest rates. Redentor Paolo Alegre Jr., officer-in-charge of the Monetary Policy Sub-Sector at the Bangko Sentral ng Pilipinas, said the results of the First Quarter 2023 […]
Read MoreWith the theme “ASEAN Matters: Epicentrum of Growth” for the ASEAN Year 2023, the event focuses on regional financial and banking cooperation, namely reconstruction, digital economy, and sustainable development. JAKARTA — A delegation of the State Bank of Việt Nam (SBV), led by its Deputy Governor Phạm Tiến Dũng, attended the ASEAN Central Bank Governors’ […]
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