SINGAPORE’S first-quarter economic growth exceeded earlier estimates by more than one percentage point, but contrary to expectations, the Ministry of Trade and Industry (MTI) will not be upgrading its full-year outlook in view of “heightened uncertainties” associated with the Covid-19 pandemic. Gross domestic product (GDP) grew 1.3 per cent year on year in Q1, outperforming advance […]
Read MoreMANILA, Philippines — The financial performance of the hardest-hit sectors and highly vulnerable banks needs closer monitoring as the non-performing loan (NPL) ratio of Philippine banks may climb further to exceed six percent this year amid the COVID-19 pandemic, according to the Bangko Sentral ng Pilipinas (BSP). “The current challenges in the financial performance of […]
Read MoreThe economy is expected to achieve 2% growth this year, if the government meets the target of 100 million doses within this year, said Don Nakornthab, Bank of Thailand’s senior director for the Financial Stability Department. The economy is likely to expand by only 1% if the government fails to meet the target, he said […]
Read MoreThe National Bank of Cambodia (NBC) released a series of measures yesterday to further extend relief to customers suffering financially from the effects of Covid-19. The measures include maintaining financial institutions’ reserves at 7 percent until further notice and extending loan restructures until Dec 31. NBC’s announcement said customers living in “closed areas” may refinance […]
Read MoreTrans-Pacific treaty to trim tariffs, boost trade – DTI (Conclusion) MANILA, Philippines — Allan Gepty remembers it all too well. In 2014, when then US president Barack Obama paid the Philippines a visit, he told then president Benigno Aquino III to consider enlisting the country in the Trans-Pacific Partnership (TPP). Aquino promised to study the […]
Read MoreTHE World Bank recently reckoned that Malaysia will likely transition from an upper-middle-income to a high-income nation between 2024 and 2028. While Malaysia has long been a middle-income country, achieving a high-income nation status will essentially require collaborative, strategic efforts from all parties involved. As of 2020, the threshold to be classified as a high-income […]
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Thailand
