MANILA, Philippines — Fitch Solutions Country Risk & Industry Research now expects the Philippine gross domestic product (GDP) to contract by two percent instead of growing by 0.5 percent this year as the shock from the coronavirus pandemic would drag the country into recession. The research unit of the Fitch Group said the coronavirus disease […]
Read MoreThe liquidity of Indonesian banks will remain in check despite economic risks brought by the COVID-19 pandemic and loan restructuring program that defers credit repayments, economists have said. Fitch Ratings director for banks Gary Hannify said Indonesia’s 12-largest banks had ample liquidity as reflected in liquidity coverage ratios of about 180 percent at the end of 2019, adding […]
Read MoreRESALE volume for condominiums in Singapore tumbled 57.3 per cent in April to 309 units resold, compared with 723 units in March, according to flash estimates from real estate portal SRX Property released on Tuesday. Year on year, resale volume was 62.2 per cent lower and 66.8 per cent lower than the five-year average volumes […]
Read MoreThe Hanoitimes – One quarter of banks in Vietnam will actively pursue modern digital core platforms by 2025. Mobile transaction volume in Vietnam is expected to increase by 400% by 2025, according to the latest report conducted by a US-headquartered company. The information was released on May 11 in the Fintech and Digital Banking 2025 – […]
Read MoreMANILA, Philippines — The Philippines has secured enough rice supply as Vietnam, its biggest source of imports, has resumed its export policy amid the coronavirus disease 2019 or COVID-19 pandemic. In a letter to the Philippine government, Vietnam Industry and Trade Minister Tran Tuan Anh assured the country of the delivery of 400,000 metric tons […]
Read MoreCredit Bureau Cambodia (CBC) has reported that the total outstanding loans in the first quarter of the year reached about $28.4 billion, up to 26 percent compared with the same period last year. The figures were released by CBC’s Chief Executive Officer Oeur Sothearoath. “This includes a 30 percent increase in new disbursements. There was […]
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Thailand
