Thai banks’ financial resilience will be tested this year as debt moratoriums gradually expire, with asset quality and the non-performing loan (NPL) ratio poised to deteriorate, says S&P Global Ratings. Relief measures have blunted the impact of Covid-19 on local financial institutions, but 2021 is a year where loan moratoriums are set to progressively expire, […]
Read MoreIndonesia has raised its budget for the National Economic Recovery program to Rp 553.09 trillion (US$39.4 billion), increasing fiscal support for a country struggling to contain its coronvirus outbreak, a minister said on Tuesday. “In plenary cabinet meeting and in other meetings, we’ve decided the size to be Rp 553.09 trillion. It means the government […]
Read MoreDine-in restaurants across the country will likely this week be allowed to extend their opening times to midnight from what is currently 9pm, as part of the government’s plan to ease Covid-19 restrictions on businesses, Deputy Prime Minister and Public Health Minister Anutin Charnvirakul said on Tuesday. He was responding to a call by the […]
Read MorePETALING JAYA: While economic conditions in Malaysia may have recovered from the lows of 2020, business sentiment has remained weak despite the billions of ringgit injected by the government to resuscitate the economy. The resurgence of Covid-19 cases has, to a large extent, stymied plans by businesses to expand operations and to increase capital investments, […]
Read More2020 is a tough year for Vietnam, yet the economy has reaped remarkable achievements. Experts have been optimistic about Vietnam’s economic growth in 2021. 2020 was a remarkably difficult year. COVID-19 hit all socio-economic sectors throughout Vietnam. The country also battled one of the century’s worst droughts and just recently reeled from the worst floods […]
Read MoreMANILA, Philippines — Moody’s Investors Service has raised a red flag over health and safety in the Philippine as COVID-19 cases in the country topped the 500,000 mark. In a report, the debt watcher said health and safety has been identified as a source of “highly negative risk” for the Philippines and India. “Therefore, improving […]
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Thailand
