MANILA, Philippines — Credit growth slowed down for the second straight month in May as the government extended the enhanced community quarantine to limit the spread of COVID-19, according to the Bangko Sentral ng Pilipinas (BSP). BSP Governor Benjamin Diokno said preliminary data showed loans extended by universal and commercial banks increased by 11.6 percent […]
Read MoreA new forecast by the Tourism Authority of Thailand (TAT) says the number of foreign tourists this year may plunge 80% to 8.2 million as revenue slides to 396 billion baht, with international air traffic regaining just 10% of the pre-pandemic schedule. The latest forecast issued on July 1 is based on the current situation […]
Read MoreMANILA, Philippines — Money supply grew at a fastest pace in almost six years in May as measures to soften the impact of the COVID-19 pandemic released more cash into the financial system, according to the Bangko Sentral ng Pilipinas (BSP). BSP Governor Benjamin Diokno said domestic liquidity grew faster at 16.6 percent to P13.68 […]
Read MoreNational flag carrier Garuda Indonesia plans to open direct flights to Denpasar, Bali, from the United States, France and India in an attempt to boost the country’s tourism that has been battered by the pandemic. The direct flights will connect Bali with American cities like Los Angeles and San Francisco and Indian cities like Mumbai and […]
Read MoreThai shippers have downgraded the country’s export outlook to a 10% contraction, deeper than the previous forecast of an 8% drop, with the finger pointed at the coronavirus crisis and the strong baht. Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers’ Council, said weakening purchasing power and the ailing economies of key trading partners were […]
Read MoreAsian equities could benefit from a return of foreign fund inflows, but the stock market remains volatile depending on the economic recovery and the pandemic situation, says Principal Asset Management. Chief investment officer Win Promphaet said foreign capital inflows will return through exchange-traded funds (ETFs) investing in Chinese and other Asian equities. Foreign inflows were […]
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