MANILA, Philippines — Credit growth eased slightly in June as bank lending to real estate activities as well as manufacturing continued to drop, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno said the growth in bank lending slowed down to 10.5 percent in June from 10.6 percent in May. Loans disbursed by […]
Read MoreThailand’s central bank is still worried about speculation in the baht and has tools to handle it, a senior official said on Wednesday, as June exports fell and the current account turned to surplus. The Thai currency has stayed strong despite recent measures to slow fund inflows from abroad. The central bank, however, will let the baht […]
Read MoreConsumer prices in Indonesia rose 0.31 percent in July as prices of volatile food products, mainly chili, soared in the month. The figure is lower than the 0.55 percent registered in June, the month of the Idul Fitri holidays this year, Statistics Indonesia (BPS) data show. “Inflation in July 2019 was still affected by rising […]
Read MoreGiant online platforms Lazada and Shopee are riding high in Thailand’s e-commerce market, cashing in on the growth potential of Thai consumers’ shift towards digital-related activities. Krungthep Turakij newspaper reported that Lazada and Shopee have now gained a combined share of between 80 and 90 per cent of the e-market in Thailand. According to the […]
Read MoreThe Hanoitimes – Vietnam’s economy kept growing track in the first half this year with maintained GDP growth rate and stable CPI. Vietnam’s economy stayed strong in the first half (H1) of this year with robust retail turnover, record import-export turnover, high foreign direct investment (FDI), stable consumer price index (CPI), growing international arrivals, and a […]
Read MoreThe Bank of Thailand knocked the baht from its perch, but the weakness could be short-lived, according to the currency’s top forecasters. The BoT took steps this month to curb short-term inflows after the currency surged to a six-year high. Those measures are hurting the baht, which is headed for a loss in July and […]
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