The financial leasing sector reported strong growth in 2019, but it has now been affected severely by the outbreak of Coronavirus with some financial leasing service providers suffering up to an 80 percent drop in custom. By the end of 2019, the central bank reported that the total value in the leasing industry was recorded […]
Read MoreFour airlines resumed domestic flights on Friday with unprecedented public hygiene measures to reduce the possibility of Covid-19 transmission. Nok Air, AirAsia, Thai Lion Air and Thai Vietjet Air were allowed to reinstate flights between 14 provinces after a month-long suspension now that the number of Covid-19 infections was falling. The 14 provincial airports are […]
Read MoreTHAILAND faces growing political risks as the Covid-19 pandemic continues to exact an economic toll, said a Fitch Solutions Country Risk and Industry Research report on Apr 29. The blow dealt by the pandemic to Thailand’s large tourism sector, which accounts for about 22 per cent of gross domestic product (GDP), poses risks to social […]
Read MoreMANILA, Philippines — Factory gate prices continued to drop in March as declines were seen in 15 major industry groups, the Philippine Statistics Authority (PSA) said yesterday. The Producer Price Index (PPI) for manufacturing decelerated to 5.4 percent in March, a faster decline compared with 4.8 percent in February and a reversal of a growth […]
Read MoreA leading international monetary organisation has advised regional governments – including Cambodia – to not become debt adverse and ensure working capital is available during and after the COVID-19 pandemic, in an effort to ensure liquidity is kept in the market for commercial lenders to flow through to small and medium enterprises. The comments have […]
Read MoreThe Hanoitimes – Any currency weakness is likely to be mild so as to avoid possible sanctions from the US given Vietnam’s inclusion in the US Treasury’s currency manipulator watch list. Fitch Solutions, a subsidiary of Fitch Group, expected the Vietnamese dong (VND) to weaken slightly over the coming quarters and to average VND23,475/USD in 2020 […]
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