The State Bank of Vietnam (SBV) has said it has adjusted the credit growth rate limits of some commercial banks in 2022. As usual, the adjustments were not made public. Why is there a credit growth limit? The granting of credit limits to credit institutions is implemented based on a number of technical criteria stipulated […]
Read MoreKUALA LUMPUR: Interest rates in Malaysia or the overnight policy rate (OPR) will be increased at a gradual pace as there are “side effects” to hiking them too aggressively, says Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz (pic). “Our economy was growing strongly in the first half of the year at 6.9% and so […]
Read MoreThe impact of flooding in 21 provinces nationwide is expected to slow tourism activities in the third quarter and corporate travel in particular, while pent-up demand from delayed trips might cause congestion in the final quarter. Tourism Authority of Thailand (TAT) governor Yuthasak Supasorn said the third quarter was normally the peak time for corporate trips […]
Read MoreVietnam has become the most favourite destination in Southeast Asia among Cambodian travellers since the beginning of 2022, Cambodian-based electronic news outlet Thmeythmey reported on September 10. Cambodian tourist arrivals to Vietnam in the first eight months of 2022 tripled figure in the same period of 2019 recorded before the outset of the COVID-19 pandemic, […]
Read MoreKUALA LUMPUR: Malaysia’s economic growth may surpass the official estimates of between 5.3 and 6.3 per cent in 2022 as the country saw faster growth in the second quarter at 8.9 per cent and expected strong performance in the third quarter. Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said Malaysia is likely to […]
Read MoreEmerging Asian central banks have seen a sharp depletion in their foreign-exchange reserves, stoking concerns it may crimp market interventions to curb currency losses in the face of the mighty dollar. A closely-watched measure of reserves cover — the number of months of imports a country can finance with its foreign-exchange holdings — has dropped to about […]
Read More
Thailand
