The banking sector remained resilient in 2020 despite the wider negative economic impacts of Covid-19, according to the National Bank of Cambodia’s (NBC’s) Financial Stability Review 2020. Total bank assets in Cambodia amounted to $50.5 billion, an increase of 17.6 percent from 2019. Customer credits reached 140 percent of gross domestic product (GDP), achieving a […]
Read MoreMANILA, Philippines — At least half of the total retail transactions will be online as early as next year or one year ahead of the 2023 target of the Bangko Sentral ng Pilipinas (BSP) as the regulator continues to ramp up efforts to transform the Philippines to a cash-lite from a cash-heavy economy. During the […]
Read MoreWhile local residents are feeling anxious over long-awaited vaccinations that the government has promised to roll out from next week, contrasting scenes have been seen in recent weeks as wealthy people have chosen not to wait but fly across the world to the US to get Covid-19 vaccines. Last week, a controversial debate sprang up […]
Read MoreSevere economic impacts as a result of the pandemic have put more stress on the local condotel market. While the Covid-19 pandemic is putting Vietnam’s condotel market into an ordeal, this would also provide an opportunity for the segment to heal itself. “This is the time for property developers to review their corporate governance models […]
Read MoreTHE Philippine economy’s continued underperformance puts pressure over banks’ near-term business prospects, which could also weigh on their standalone credit profiles, according to Fitch Ratings. In its latest forecasts, Fitch Ratings was eyeing a considerably lower Philippine economic recovery in 2021 as compared to the early stages of Covid-19 pandemic. This can translate to diminished […]
Read MoreWith the tourism economy in crisis as Siem Reap International Airport reported that it had exactly two international tourist arrivals in the first quarter, a top official from the Ministry of Economy and Finance said he anticipates borders to open soon – bringing much-needed support to a beleaguered business community struggling with challenges beyond their […]
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Thailand
