MANILA, Philippines — The bad debts of Philippine banks continued to fall, resulting in the further easing of the industry’s non-performing loan (NPL) ratio for seven straight months, to hit the lowest level in more than two years despite the series of rate hikes to tame inflation and stabilize the peso, the Bangko Sentral ng Pilipinas […]
Read MoreBig C Supercenter Plc, which runs supermarkets and convenience stores in Southeast Asia, is considering going public again in Bangkok through an initial public offering that could raise more than $500 million, according to people familiar with the matter. The Bangkok-based company is sounding out investment banks for proposals for the share sale, which could happen […]
Read MoreThe development, driven by the revival of the tourism sector, suggests that the country is beginning to recover from the pandemic in earnest. The Bank of Thailand reported that in September there was a $623 million surplus in the current account, which measures the balance of tradable goods, services, and income into and out of the […]
Read MoreThe minimum wage in 2023 will be relatively higher than the minimum wage in 2022, with data on economic growth and inflation Jakarta (ANTARA) – Manpower Minister Ida Fauziyah affirmed that by taking into account the data on economic growth and inflation, the minimum wage for 2023 will be relatively higher than that in 2022. […]
Read MoreThe majority of PayPal users in Thailand will no longer be able to use the service next month unless they jump through a series of byzantine and bureaucratic steps that are only available to citizens. A year after it first warned of the change and several subsequent delays, PayPal notified customers this morning that they will not be […]
Read MoreTOURISTS and foreigners residing in Singapore accounted for about half of net Goods and Services Tax (GST) revenue in 2018 and 2019, said Chee Hong Tat, Senior Minister of State for Finance in Parliament on Tuesday (Nov 8). Meanwhile, the top 20 per cent of resident households accounted for close to 20 per cent. Chee […]
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Thailand
