Applications for loans in the financial sector continued to drop in the second quarter of this year over concerns regarding the coronavirus outbreak and economic repercussions of the ensuing health crisis, according to a new report. Consumer credit applications decreased overall by 34 per cent, Credit Bureau (Cambodia) Co Ltd (CBC) said in its “Consumer […]
Read MoreThe baht opened at 33.15 to the US dollar on Thursday, weakening from Wednesday’s closing rate of 33.14. The Thai currency is likely to move between 33.10 and 33.20 during the day, Krungthai Bank market strategist Poon Panichpibool said. Poon explained that the baht would continue to weaken due to the Covid-19 situation. Importers have […]
Read MoreThailand saw its fuel consumption decline by 1.7% to an average of 136 million litres per day during the first half of this year, largely attributed to the third wave of Covid-19, says the Department of Energy Business. Average fuel consumption stood at 138 million litres per day in the same period last year. Jet […]
Read MoreUnder the new support package that the Ministry of Finance is working on, all business households and individuals would enjoy a 50% reduction in payable tax arising from production and business activities in the third and fourth quarters of 2021. Nguyen Quoc Hung, Director of the Tax Policy Department of the Ministry of Finance, said […]
Read MoreIn the wake of the haziness that surround ed the temporary ban on dining, restaurateurs were granted relief by a City Hall decree issued early last evening that establishments be allowed to serve patrons again, indoors or out, as long as they adhere strictly to proper health protocols. Confusion had reigned during the latest measures, […]
Read MoreMANILA, Philippines — Banks’ bad loans are expected to pick up until the first half of next year as the country continues to struggle to contain the pandemic. In a virtual media roundtable, Joyce Ong, analyst at Moody’s Investors Service, said the Philippine banking sector is expected to suffer from an elevated non-performing loan (NPL) […]
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