MANILA, Philippines — Banks’ bad loans are expected to pick up until the first half of next year as the country continues to struggle to contain the pandemic. In a virtual media roundtable, Joyce Ong, analyst at Moody’s Investors Service, said the Philippine banking sector is expected to suffer from an elevated non-performing loan (NPL) […]
Read MoreSINGAPORE is among the top countries in the world for unicorn startups, with six businesses valued at over US$1 billion. It also took the Republic’s unicorn businesses an average of six years and 11 months to reach a US$1 billion valuation. Singapore is fourth in the global ranking compiled by UK price comparison website Money.co.uk. […]
Read MoreRestaurant operators are calling on the government to consult with them before deciding on new restrictions that affect their businesses. They said inconsistent government measures have made it difficult for restaurants to operate. In July, the government announced tighter restrictions because of surging Covid infections, banning dine-in services at restaurants in malls in dark red […]
Read MoreAsia-Pacific economies will outstrip their global peers this year and next, according to Moody’s Investors Service. But the rebound masks deep scars from the Coronavirus pandemic, according to the world’s biggest ratings company. “We forecast about 30 percent of APAC economies will face a modest degree of scarring, experiencing an output decline of between 2 […]
Read MoreMANILA, Philippines — The reimposition of stricter lockdown and quarantine measures in the National Capital Region (NCR) starting Friday could further dampen the recovery prospects of the Philippines from the pandemic-induced recession, according to Moody’s Investors Service. In a virtual media roundtable, Moody’s senior vice president Christian de Guzman said the reimposition of enhanced community […]
Read MoreThe Garment Manufacturers Association in Cambodia (GMAC) is welcoming new investments in one of the Kingdom’s pillar industries as new variants and outbreaks lead to a string of downgrades in economic projections. The Council for Development of Cambodia (CDC) announced yesterday that it had approved two new projects worth a combined $8.5 million that will […]
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Thailand
